Airtel dials tariff hike
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New Delhi: Sunil Bharti Mittal, who became the first Indian to be knighted by Britain’s King Charles III, said on Thursday that Airtel will take the lead in raising telecom tariffs if market signals are perfect to keep valuations healthy, while ensuring better return on investments.
Airtel Founder and Chairman said: “We have always said we need to go to Rs300 ARPU (average revenue per user) from Rs200 now.”
“Valuations need to be healthy. The tariff needs to be suitable to give rewards to the shareholders and a decent return on capital,” Mittal told NDTV Profit in an interview. “That has been woefully short.”
The company’s ARPU grew 2.5 per cent sequentially to Rs208 in the third quarter, with 7.4 million growth in its 4G subscribers.
