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- Airtel CEO said that the tariff rates in India are very low.
- Airtel quarterly revenue grew 7.3 percent year-on-year to Rs 37044 crore.
- Airtel competes with Jio and Vi in the market.
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Ever since the 5G rollout by Reliance Jio and Bharti Airtel, there were reports that companies may make the plans expensive. At the same time, now Bharti Airtel Chief Executive Officer (CEO) Gopal Vittal said that telecom rates in India are low and there is a need to increase them. This indicates that recharge plans from Airtel may become expensive in the coming days. However, on the other hand, a report came out according to which, there is no plan to increase Jio’s prepaid recharge pack.
Airtel took a jibe at Jio
Further calling 5G a “long haul”, Vittal said the company is not in any race to trumpet the biggest, fastest rollout, but is instead focusing on providing a good experience for its 5G customers. Is.
Vittal, meanwhile, said Airtel does not believe in high 5G tariffs, but will continue to strive for an overall increase in tariffs while keeping the service most affordable and high quality.
Airtel’s response to tariff increase
Also on the question of any tariff hike, Vittal said: “…it is all not in our hands, tariffs in India are very low, both in average revenue per users as well as per GB rate. If you look at both of them, we are at the bottom of the two.”
Bharti Airtel on Tuesday said September quarter consolidated net profit declined 37.5 per cent year-on-year to Rs 1,341 crore, dragged down by a one-time extraordinary charge. At the same time, the revenue for the September quarter has increased by 7.3 percent year-on-year to Rs 37,044 crore.
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