'Growth of telecom sector depends on higher tariffs'
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New Delhi, Oct. 1 -- The growth of India's telecom sector depends on higher tariffs, Vodafone Idea Ltd (Vi) chairman Kumar Mangalam Birla reiterated on Wednesday at the telco's annual general meeting.
Tariffs remain extremely low despite the hike in December 2019, Birla said.
"Tariffs are still very low, and therefore, pricing revival is critical for the long-term growth of the sector," he said.
Birla's comments come amid the company's fundraising plans even as it faces financial stress and needs ample cash flow to help it keep going in a hyper-competitive telecom market.
The Supreme Court, in a judgment on 1 September, allowed telcos to pay adjusted gross revenue (AGR)-related dues in 10 years, following which the board of Vodafone I...
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