New Delhi: Complaining that 35% of Telco Revenues ended with the government as a retribution, Airtel Head Sunil Mittal said the company had “run out of patience” and would begin to increase tariffs progressively, seeing the entrance threshold of Rs 99 against Rs 79.
Airtel has announced the issue of RS 21,000 crore rights because it looks reducing the pile of a 1.6-lakh-crore rs debt.
Mittal said the revised tariff is the need for hours even when the government must see a softer tax regime for industries that are full of debt, which offers one of the lowest rates in the world.
He said changes in recent rates by Airtel in several categories showed that he had “run out of patience” and would take steps to trace the company’s finances.
“Indians consume 16GB of data per month per month.
It is time for tariffs to take a check to make the industry live and, more importantly, has a decent and appropriate capital return to grow into more technology areas, to launch more networks , and become a more feasible sustainability model in the future, “Mittal said.
He said regardless of the crisis of cash and debt, the industry had expanded and offered services, but “at a very minimal price level”.
Asked whether the airtel would lead in increasing tariffs, Mittal said the company did it in a limited way by pushing the basic tariff to Rs 79.
“Can this go to RS 99 finally? My answer is yes, the question is when …
in the end, we Also bound by market strength, we cannot exceed the point.
You can have a premium, considering the brand’s strength.
But you can’t go beyond the point where you start hurting yourself.
“He said the government must pay attention to the industrial worries that are preparing 5G and other expansion .
“When we respond to government calls to invest more money, accelerate the Indian digital vision, we also expect the government to respond by having a lighter touch regulation, by making a simple life for telecommunications companies.”