26.2 C
New York
Tuesday, August 3, 2021

Sunil Mittal hints at rate hike in six months

Must read

Exclusive: Citi, HSBC, Prudential hatch plan for Asian coal-fired closures – sources

2/2 (C) Reuters. FILE PHOTO: A pile of coal in an active coal mine located next to a new solar power plant development site in...

A year after taboo on Thai king broken, 103 face jail for royal insult

World18 minutes ago (Aug 02, 2021 08:25PM ET) 2/2 (C) Reuters. FILE PHOTO: Human rights lawyer Arnon Nampa speaks during a Thai anti-government mass protest, on...

Ministro das Comunicações diz que privatização é última chance de sobrevivência dos Correios

O ministro das Comunicações, Fábio Faria, disse nesta segunda-feira (2), em cadeia nacional de rádio e TV, que a privatização é "a...

TSE reage a ataques de Bolsonaro, abre inquérito e pede a STF que investigue “conduta criminosa”

Carteiras Recomendadas33 minutos atrás (02.08.2021 21:11) © Reuters. Presidente Jair Bolsonaro durante cerimônia em Brasília 10/03/2021 REUTERS/Ueslei Marcelino Por Ricardo Brito BRASÍLIA (Reuters) - Após ser alvo...

New Delhi: Bharti Airtel chairman Sunil Mittal on Monday hinted at an increase in mobile services prices in six months, saying that data at low rates is not sustainable for the telecom industry.

Mittal said 16GB data consumption a month for Rs 160 is a tragedy. “You either consume 1.6GB of capacity per month either at this price point or you may prepare to pay a lot more. We are not wanting $50-60 like the US or Europe but certainly $2 for 16GB a month is not sustainable,” Mittal said at a book launch event.

Mittal also said that the average revenue per user (ARPU) is expected to cross Rs 200 in six months on digital content consumption.

“We need a Rs 300 ARPU, in which you will still have lower end at Rs 100-a-month with decent amount of data. But if your consumption is largely around watching television, movies, entertainment and depriving other vital special services networks, then you need to pay for that,” Mittal said.

Airtel reported an increase in the ARPU to Rs 157 in the quarter ended June 30, 2020. The rise in ARPU came after the tariff hike by Bharti Airtel in December 2019.

Mittal said that while telecom operators have served the country during the difficult times, the industry needs to invest in 5G, more optical fibres, submarine cables, etc.

“Businesses, which are not in telecom, also need to adopt digital. You should see solid ARPUs building up in the next 5-6 months for the industry to be sustainable. We are down to 2-3 players now. India is a very price-conscious market. In six months time, we should be crossing the mark of Rs 200 for sure and Rs 250 would be ideal,” Mittal said. agencies

- Advertisement -

Latest article

Exclusive: Citi, HSBC, Prudential hatch plan for Asian coal-fired closures – sources

2/2 (C) Reuters. FILE PHOTO: A pile of coal in an active coal mine located next to a new solar power plant development site in...

A year after taboo on Thai king broken, 103 face jail for royal insult

World18 minutes ago (Aug 02, 2021 08:25PM ET) 2/2 (C) Reuters. FILE PHOTO: Human rights lawyer Arnon Nampa speaks during a Thai anti-government mass protest, on...

Ministro das Comunicações diz que privatização é última chance de sobrevivência dos Correios

O ministro das Comunicações, Fábio Faria, disse nesta segunda-feira (2), em cadeia nacional de rádio e TV, que a privatização é "a...

TSE reage a ataques de Bolsonaro, abre inquérito e pede a STF que investigue “conduta criminosa”

Carteiras Recomendadas33 minutos atrás (02.08.2021 21:11) © Reuters. Presidente Jair Bolsonaro durante cerimônia em Brasília 10/03/2021 REUTERS/Ueslei Marcelino Por Ricardo Brito BRASÍLIA (Reuters) - Após ser alvo...

FMI aprova a maior injeção de recursos de sua história para elevar a liquidez global

O Fundo Monetário Internacional (FMI) aprovou nesta segunda-feira (2) a maior injeção de recursos de sua história, com a alocação geral de...