Bharti Airtel chairman Sunil Bharti Mittal has said that the consolidation in Sri Lankan Market is vital to take the company to next level.

Airtel which has operation in 20 countries in Asia and Africa has 1.5 million customers in Sri Lanka.

"We have 1.5 million customers of the 20 million population. We came in as number 5. Now we are fourth (in terms of subscribers). Idea is to reach to the next level," he said.

“There got to be some consolidation in markets that are fragmented" he said. Bharti Airtel, which got licences to provide telecom services in Sri Lanka has invested of over USD 300 million on Lankan operations and set up over 1,500 base stations to support its 2G network, according to Hindu Business Line. 

“At the end of the day some consolidation, just as in the case of India, will have to happen," Mittal said.