The Global Kashmir
No Result
View All Result
  • Home
  • News
    • Kashmir
    • Jammu
  • National
  • World
  • Business
  • Editorial
  • Health
  • Opinion
  • Sports
  • Tech
  • E-Paper
en English
ar Arabiczh-CN Chinese (Simplified)en Englishru Russianes Spanishur Urdu
No Result
View All Result
  • Home
  • News
    • Kashmir
    • Jammu
  • National
  • World
  • Business
  • Editorial
  • Health
  • Opinion
  • Sports
  • Tech
  • E-Paper
No Result
View All Result
The Global Kashmir
No Result
View All Result
7911728372202328017775

Return on capital very low, expects tariff hike: Bharti Airtel Chairman

The Return on capital in the telecom business is very low and a tariff hike is likely to be the mid of this year, Bharti Airtel chairman Sunil Bharti Mittal said here on Monday

News Desk by News Desk
February 28, 2023
Reading Time: 2 mins read
0
3
VIEWS
Share on Facebook

BARCELONA: The Return on capital in the telecom business is very low and a tariff hike is likely to be the mid of this year, Bharti Airtel chairman Sunil Bharti Mittal said here on Monday.

READ ALSO

Rupee slips 10p to 82.709 vs dollar in early trade

World Bank revises upwards India’s GDP growth forecast to 6.9% for FY23

Indian stock markets touch new highs on Tuesday

While responding to a PTI query at the Mobile World Congress, Mittal said that the company has a healthy balance sheet and there is no need to raise any more capital.

“Lot of capital has been injected that has made the balance sheet strong but the return on capital of this industry is very low. That needs to change. We are talking of small increments that need to come in the Indian tariff situation. I hope half (by mid) of this year,” Mittal said.

When asked about the impact on people at the bottom of the pyramid, he said that the hike is low compared to the spending people are making on other things.

“Salaries have gone up, rents have gone except one thing. There is no one complaining. People are consuming 30 GB for almost paying nothing. We don’t have more Vodafone type of scenarios in the country.

“We need a robust telecom company in the country. The dream of India is digital, economic growth is fully realised. I think the government is fully conscious, the regulator is conscious and people are also very conscious,” Mittal said.

He said that he disagrees that the tariff hike is impacting people at the bottom of the pyramid.

ADVERTISEMENT

Sunil Bharti Mittal-led Bharti Airtel last month increased the price of its minimum recharge for the 28-day mobile phone service plan by about 57 per cent to Rs 155 in eight circles.

The company stopped its minimum recharge plan of Rs 99, under which it offered 200 MB of data and calls at the rate of Rs 2.5 paise per second.

Bolstered by the price hikes last year, the India Mobile Average Revenue Per User (ARPU) of Bharti Airtel soared to Rs 193 during the December quarter of 2022-23 from Rs 163 in December 2021 quarter.

While the short-term ARPU target of Airtel is Rs 200, its focuses on a medium to long term ARPU target of Rs 300 through price hikes for sustainable operations.

ShareTweetSendSharePinShare
ADVERTISEMENT
Previous Post

Unidentified Man Killed After Hit By Moving Train in Pattan Baramulla

Next Post

Awantipora Gunfight: Another Militant Killed, Toll Reaches to 2, Searches Continue

RelatedPosts

Rupee slips 10p to 82.709 vs dollar in early trade

Rupee slips 10p to 82.709 vs dollar in early trade

December 21, 2022
World Bank revises upwards India’s GDP growth forecast to 6.9% for FY23

World Bank revises upwards India’s GDP growth forecast to 6.9% for FY23

December 6, 2022
Indian stock markets touch new highs on Tuesday

Indian stock markets touch new highs on Tuesday

November 29, 2022

Rupee falls 37 paise to 81.63 against US dollar in early trade

Rupee falls 66 paise to 81.57 against US dollar in early trade

Rupee gains 14 paise to 81.14 against US dollar

US orders Tata-group owned Air India to pay whopping $121.5 million as refunds, $1.4 million as penalties

RBI Likely To Opt For Small Rate HIkes As Inflation Eases: Report

Rupee falls 15 paise to 80.93 against US dollar

Next Post
Awantipora Gunfight: Another Militant Killed, Toll Reaches to 2, Searches Continue

Awantipora Gunfight: Another Militant Killed, Toll Reaches to 2, Searches Continue

Slain Sarpanch left home without informing Police, was given accommodation in secure Hotel at Srinagar: IGP Kashmir

Two militants, Armyman Killed in Awantipora Gunfight

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ADVERTISEMENT

Company Info

Address: F11 silk factory road Tulsibagh, Srinagar
Phone : 9797970347.
Email : [email protected]
Owner, printer, publisher Editor : Suhail Yousuf Shah
Legal advisor : Advocate Umar Mushtaq
Printed at : LUBAAB PUBLICATIONS LAWAYPORA SRINAGAR
Published from : Green house Soitang, Srinagar, Kashmir.
RNI No : JKENG/2011/38364
Office No's :
Postal Regd No : JKNP 160 / SKGPO 2012 - 2014

About

The Global Kashmir was founded in Srinagar, with a vision to promote positive news from the Kashmir valley and across the globe. Covering first hand, all categories of news from different corners of Jammu and Kashmir as well as relevant national and international news stories. Global Kashmir is dedicated to providing unbiased stories that are yet to be told...

News By Topic

Company Info

  • Contact Us
  • About

© 2022 - Global Kashmir

No Result
View All Result
  • Home
  • News
    • Kashmir
    • Jammu
  • National
  • World
  • Business
  • Editorial
  • Health
  • Opinion
  • Sports
  • Tech
  • E-Paper

© 2022 - Global Kashmir