Odisha News, Odisha Latest news, Odisha Daily - OrissaPOST
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
No Result
View All Result
OrissaPOST - Odisha Latest news, English Daily -
No Result
View All Result

Fixing floor prices critical amid financial stress in telecom: COAI

PTI
Updated: August 3rd, 2021, 16:02 IST
in Business
0
Pic- The Sentinel Assam

Pic- The Sentinel Assam

Share on FacebookShare on TwitterShare on WhatsAppShare on Linkedin

New Delhi: Industry body COAI Tuesday contended that floor price fixation is absolutely critical and need of the hour, given the ‘major financial stress’ in the telecom industry.

The association — whose members include Bharti Airtel, Reliance Jio and Vodafone Idea — said floor prices need to be fixed for data only for an interim period, say two years, and that voice calls and tariffs can be excluded from this.

Also Read

Odisha govt

Odisha govt allows three pvt banks to handle business, deposits of state

11 hours ago
Nirav Modi's brother held in US following extradition requests from ED, CBI

PNB-fraud case: Nirav Modi’s brother held in US following extradition requests from ED, CBI

12 hours ago

“In the last few years, fixation of floor prices has become a critical issue and is need of the hour today with telecom industry going through major financial stress,” S P Kochhar, director-general of Cellular Operators’ Association of India (COAI), said in a statement.

Despite the financial constraints faced by them during the pandemic, the telecom service providers continued to plough in significant investments and provide seamless network connectivity to Indians, COAI argued.

“It is important to understand that the telcos have incurred losses because of the downward pricing trend of data tariffs. Revenue generation is now essential to sustain their financial health,” Kochhar added.

The association said it has made regular pleas for setting the floor prices, and noted that the Telecom Regulatory Authority of India (Trai) had also done a consultation with COAI over the issue.

“Floor prices must be fixed to provide some relief from the immense cost burden. Floor prices should be fixed for data only for an interim period, say two years, and voice calls/ tariffs can be excluded from this,” said the association said.

Bharti Airtel Chairman Sunil Mittal has said that the industry’s tariffs need to go up amid “tremendous stress” in the telecom sector.

“To say telecom industry is in a bit of trouble is actually an understatement. It is in a tremendous amount of stress.

“I hope the government, the authorities, and telecom department…All…Focus on this issue and ensure India’s digital dream remains intact through the provision of at least three operators,” Mittal had said recently.

The top boss of Bharti Group had emphasised that market repair must take place.

The industry stress is perhaps most visible on cash-strapped Vodafone Idea.

Aditya Birla group Chairman Kumar Mangalam Birla had, in June this year, offered to hand over the Group’s stake in debt-laden Vodafone Idea Ltd (VIL) to the government or any other entity that the government may consider worthy, to keep the company afloat.

In a letter to Cabinet Secretary Rajiv Gauba on June 7, Birla had said investors are not willing to invest in the company in the absence of clarity on AGR (statutory dues) liability, adequate moratorium on spectrum payments and “most importantly floor pricing regime above the cost of service”.

Without immediate active support from the government on the three issues by July, the financial situation of VIL will come to an “irretrievable point of collapse”, Birla had said.

VIL had an adjusted gross revenue (AGR) liability of Rs 58,254 crore; out of which, the company has paid Rs 7,854.37 crore and Rs 50,399.63 crore is outstanding.

The recent dismissal of telcos’ plea by the Supreme Court on re-computation of AGR-related dues has made matters worse for Vodafone Idea, whose balance sheet situation is ‘precarious’, analysts have said.

PTI

Tags: COAIfloor priceTelecom sectorTRAI
ShareTweetSendShare
Suggest A Correction

Enter your email to get our daily news in your inbox.

 

OrissaPOST epaper Sunday POST OrissaPOST epaper

Click Here: Plastic Free Odisha

#MyPaperBagChallenge

Debasis Mohanty

December 12, 2019
#MyPaperBagChallenge

Swarit Praharaj

December 12, 2019
#MyPaperBagChallenge

Faiza Firdous

December 12, 2019
#MyPaperBagChallenge

Geetanjali Patro

December 12, 2019
#MyPaperBagChallenge

Surya Sidhant Rath

December 12, 2019
#MyPaperBagChallenge

Adrita Bhattacharya

December 12, 2019
#MyPaperBagChallenge

Tapaswini Mallick

December 12, 2019
#MyPaperBagChallenge

D Rama Rao

December 12, 2019
#MyPaperBagChallenge

Ipsita

December 12, 2019
#MyPaperBagChallenge

Praptimayee Biswal

December 12, 2019
#MyPaperBagChallenge

Narendra Kumar

December 12, 2019
#MyPaperBagChallenge

Rajashree Pravati Mohanty

December 12, 2019
#MyPaperBagChallenge

Saishree Satyarupa

December 12, 2019
#MyPaperBagChallenge

Chinmay Kumar Routray

December 12, 2019
#MyPaperBagChallenge

Priyabrata Mohanty

December 12, 2019
#MyPaperBagChallenge

Sarmistha Nayak

December 12, 2019
#MyPaperBagChallenge

Ramakanta Sahoo

December 12, 2019
#MyPaperBagChallenge

Pragyan Priyambada

December 12, 2019
#MyPaperBagChallenge

Bijswajit Pradhan

December 12, 2019
#MyPaperBagChallenge

Subhajyoti Mohanty

December 12, 2019
#MyPaperBagChallenge

Akriti Negi

December 12, 2019
#MyPaperBagChallenge

Tabish Maaz

December 12, 2019
#MyPaperBagChallenge

Lopali Pattnaik

December 12, 2019
#MyPaperBagChallenge

Sipra Mishra

December 12, 2019
#MyPaperBagChallenge

Aman Kumar Barisal

December 12, 2019
#MyPaperBagChallenge

Ankita Balabantray

December 12, 2019
#MyPaperBagChallenge

Jyotshna Mayee Pattnaik

December 12, 2019
#MyPaperBagChallenge

Pratyasharani Ghibela

December 12, 2019
#MyPaperBagChallenge

Sitakanta Mohanty

December 12, 2019
#MyPaperBagChallenge

Mandakini Dakua

December 12, 2019

Archives

Editorial

India’s Spy Shift

July 5, 2025

India’s espionage architecture is quietly shifting. The appointment of Parag Jain as the new chief of RAW comes at a...

Read more

Hungary Lessons

Hungary
July 2, 2025

Revolting against oppression and seeking freedom is ingrained in human nature, something that a repressive regime finds out sooner or...

Read more

New Democratic Face

Zohran Mamdani
July 1, 2025

US President Donald Trump, who had comfortably defeated his Democratic rival Kamala Harris in the recent presidential election and exuded...

Read more

Proof To Vote

Vote
June 30, 2025

Months ahead of the Assembly polls in Bihar, the Election Commission of India (ECI) on 28 June launched a ‘special...

Read more
  • Home
  • State
  • Metro
  • National
  • International
  • Business
  • Editorial
  • Opinion
  • Sports
  • About Us
  • Advertise
  • Contact Us
  • Jobs
Developed By Ratna Technology

© 2024 All rights Reserved by OrissaPOST

  • News in Odia
  • Orissa POST Epaper
  • Video
  • Home
  • Trending
  • Metro
  • State
  • Odisha Special
  • National
  • International
  • Sports
  • Business
  • Editorial
  • Entertainment
  • Horoscope
  • Careers
  • Feature
  • Today’s Pic
  • Opinion
  • Sci-Tech
  • About Us
  • Contact Us
  • Jobs

© 2024 All rights Reserved by OrissaPOST

    • News in Odia
    • Orissa POST Epaper
    • Video
    • Home
    • Trending
    • Metro
    • State
    • Odisha Special
    • National
    • International
    • Sports
    • Business
    • Editorial
    • Entertainment
    • Horoscope
    • Careers
    • Feature
    • Today’s Pic
    • Opinion
    • Sci-Tech
    • About Us
    • Contact Us
    • Jobs

    © 2024 All rights Reserved by OrissaPOST