Sunil Mittal is a friend not rival, says Mukesh Ambani



New Delhi, Dec 1: Even as Reliance Jio and Bharti Airtel have locked horns over several issues, Reliance Industries Limited Chairman Mukesh Ambani on Friday said Airtel Chairman Sunil Mittal was a friend and not a rival.



"Let me correct you. Sunil is a good friend and not a rival. I think what he said and what may have been interpreted may be different. But let me make my point of view clear. I think that for all of us in the industry, profits and losses are risks that we take. And I don't think that we can rely on governments and regulators to guarantee our profits and losses," Ambani said while replying to a question at the HT Leadership Summit here.



He was asked to respond to comments by Mittal recently that said Jio's foray into Indian telecom market with its free voice and data offer had made incumbent players to write off investments of up to $50 billion.



"To me what is most important is, do we really move the country forward and does the consumer gain. And I think that the question that you should be thinking about is that even if there are profits and losses, who gains and who loses? And as long as the consumer gains and the country moves forward, it is worth taking those losses, right? Some of us are big boys, we can afford that," Ambani added.

IANS

Don’t Miss

PM Modi commissions India's 1st indigenously-built Scorpene sub
Teachers suspended for spelling errors in Modi passage
Gujarat polling on Thursday for 93 seats; PM, Shah will cast their vote
Pak, China shivering..Navy to induct deadly Made in India submarine
Kejriwal's big GIFT.. FREE coaching for entrance exams
APPLIED for these jobs? Monthly income 35K, Age limit 40
On wedding anniversary Rohit helps India beat Lanka, level series
Do or die for Modi, Rahul..Last phase Gujarat polls tomorrow
Kejriwal Magic.. Private hospital BILLS will fall sharply
Your money is banks is safe..Cornered PM Modi assures nation
Chanakya on News24..The BEST will give Gujarat results tomorrow
Best pictures of Virat and Anushka before marriage
Virat, Anushka wedding..This is what happened after ceremony, don't miss
Bumper 50000 jobs for you..Modi magic
This smartphone is SELFIE KING..Price will shock you
On Instagram you can now follow hashtags
Twitter's big GIFT..You can tweet more now
Deepika, Priyanka FIGHT to romance SRK!
Deepika is losing weight.. what's wrong, find out!
Janhvi does naughty thing with Ishaan.. In PICS!
PMs in Row: Former PM Manmohan Singh takes on PM Modi
Video:Rohit's anniversary gift to wife..Ritika cries, Rohit kisses
Ro'HIT' smashes world record 3rd double ton..Know about his 200+ scores
Bumper JOB openings for 10th pass; Salary 57K
PM Live: Policy change in textile sector will create one crore jobs
This Bollywood actress sings with rapper Snoop Dogg!
'No 'mantras', 'Jaykaras', 'chanting' in holy Amarnath shrine,' says NGT
Video: Now UPCOCA in Uttar Pradesh to handle mafia and goons
Salman's deadly stunt will make you scream..Watch Video
Is Rahul Gandhi wearing Rudraksha beads like his grandmother?