telecom regulatory authority of india, telecom floor price, latest telecom reforms, tariff floor price, floor price, reliance jio, bharti airtel, vodafone idea, policy, trai

NEW DELHI: Bharti Airtel chairman Sunil Bharti Mittal’s comments that the industry does not need regulatory intervention for pricing has validated the telecom regulator’s stance that setting up floor tariffs was not a feasible idea, a senior official said.
"We were always of the opinion that setting up a floor for tariff would not be feasible. This is a cumbersome process," the Telecom Regulatory Authority of India (Trai) official told ET.
Mittal said that Thursday said that the regulatory intervention on fixing a floor price was not necessary, indicating a change in the mobile phone operator’s previous stance.
Backing Aditya Birla Group (ABG) chairman Kumar Mangalam Birla's views on setting up a floor price, the Cellular Operators Association of India (COAI) recently said that in the last few years, fixing floor price had become critical to provide the telecom industry some relief from cost pressures and financial stress. COAI represents all three private telcos – Airtel, Reliance Jio and Vodafone Idea.
"The Cabinet-approved relief package is more important than seeking a floor price that may only be done in a scenario when the financial health of all telcos remain in bad shape," the official said. The telecom tariffs are currently under forbearance.
The official further said that fixing up a floor for tariff being a complex process, it requires in depth analysis of the current market situation, and needed a consultation with the Competition Commission of India (CCI).
He added that the reforms announced would be good for a large country like India as it may attract new players and promote competition.
Setting a floor price has been a bone of contention between telecom service providers and the sector regulator for some years now, with telcos saying a minimum price was a must to stop the brutal tariff cuts which was hurting the industry. But the regulator has been pushing back, saying it was an anti-consumer move.
But, speaking to reporters on Thursday, Mittal said that the telcos should work towards raising prices, without regulatory intervention, as the industry needed to “heal”. He added that the policy of forbearance has worked to the benefit of consumers and other industries.
Incumbents such as Bharti Airtel and Vodafone Idea have in the recent past revised their base-level retail tariff and corporate postpaid plans to push users onto higher paying plans, in a bid to shore up their average revenue per user.
Mittal added that Airtel could take the lead in pushing prices higher in some areas.

Internet Explorer Channel Network


LATEST NEWS

NEWS RELATED

Reliance Jio tops 4G chart with 20.9 Mbps download speed in September: Trai

Reliance Jio maintained the top position in the 4G speed chart with a 20.9 megabit per second (Mbps) average download rate in September, while Vodafone Idea topped in the upload segment with 7.2 Mbps data speed, as per telecom regulator Trai. Reliance Jio’s 4G network speed increased by about 15…

Read more: Reliance Jio tops 4G chart with 20.9 Mbps download speed in September: Trai

Bharti Airtel launches Video Platform as a Service offering Airtel IQ Video'

Telecom operator Bharti Airtel on Tuesday announced its Video Platform as a Service offering and said it is chasing USD 100 million dollar target for this new offering ‘Airtel IQ Video’. The company has already signed up three early customers, and is looking to onboard 50 customers more, that are…

Read more: Bharti Airtel launches Video Platform as a Service offering Airtel IQ Video'

China opens VPN services to foreign investment in Beijing

The municipal government of Beijing has won the green light from China’s cabinet to allow up to 50 per cent of foreign ownership in virtual private network (VPN) services, widely used by multinational corporations operating in the country to skirt the Great Firewall and connect to overseas servers. The policy…

Read more: China opens VPN services to foreign investment in Beijing

Chinese market regulator fines Douyin, Kuaishou for publishing controversial micro loan ad

China’s two largest short video-sharing app operators, Douyin and Kuaishou Technology, have each been slapped with a 200,000 yuan (US$31,088) fine by regulators for publishing a controversial micro loan advertisement that encouraged “excessive consumption”, according to government records. The fines were handed on October 11 by a branch of the…

Read more: Chinese market regulator fines Douyin, Kuaishou for publishing controversial micro loan ad

China's tech regulator says scrutiny of internet industry to deepen as targeted six-month campaign continues

China’s industry regulator plans to deepen scrutiny of the internet industry as it moves into the second half of a six-month campaign launched in July, the agency’s minister told Chinese media, prolonging a crackdown on the technology sector that has lasted for nearly a year. The Ministry of Industry and…

Read more: China's tech regulator says scrutiny of internet industry to deepen as targeted six-month campaign continues

Subscriber additions to drive Reliance Jio's Q2 show; tariff hikes to aid Bharti Airtel, Vodafone Idea: Analysts

The cashback will be credited to the Jio account soon after the recharge is complete. (Image: Moneycontrol) The second quarter of the fiscal is likely to be a ”healthy quarter” for telecom companies, where Jio’s performance will be driven by subscriber additions, and Bharti and Vodafone Idea will benefit from tariffs hikes and some…

Read more: Subscriber additions to drive Reliance Jio's Q2 show; tariff hikes to aid Bharti Airtel, Vodafone Idea: Analysts

Chinese education firm OneSmart faces demands for refunds after closing its off-campus tutoring activities nationwide

New York-listed OneSmart International Education Group has closed all of its off-campus tutoring programmes and learning centres across China, sparking outrage from angry parents who are demanding refunds. Dozens of parents this week protested outside OneSmart’s headquarters in Shanghai’s Putuo District, many of whom called out the company for refunds…

Read more: Chinese education firm OneSmart faces demands for refunds after closing its off-campus tutoring activities nationwide

US now top bitcoin mining hub following months-long crackdown in China that has pushed out cryptocurrency operations

China is no longer the world’s top bitcoin mining market after a months-long campaign to push out cryptocurrency mining saw related activity fall below levels seen in the United States, Russia and Kazakhstan, the latest data from the Cambridge Bitcoin Electricity Consumption Index (CBECI) show. Until recently, China had been…

Read more: US now top bitcoin mining hub following months-long crackdown in China that has pushed out cryptocurrency operations

China faces cybersecurity talent shortage amid push to secure data and develop the digital economy

Beijing reiterates ban on private capital in news media, updating it to prohibit hosting events

Airtel to give Rs 6,000 cashback on purchase of smartphones

PM Narendra Modi to launch industry body Indian Space Association on Monday

China's tighter video game restrictions spring a few leaks during country's long holiday as kids seek online fun

US tech giants Apple, Google, Facebook, Amazon should be regulated where they are based, EU lawmaker says

Ant Group, Tencent further open up their mobile payment ecosystems to state-owned UnionPay

As Beijing gets tough on celebrity gossip and gaming, online content providers pin their hopes on ‘knowledge'

OTHER NEWS