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

India-US trade

Trade pact negotiations with US making fast progress: Goyal

8 hours ago

India looks forward to boosting ties with Maldives, committed to support capacity building: PM Modi

11 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

slide 2 to 4 of 30
#MyPaperBagChallenge

Shreyanshu Bal

December 12, 2019
#MyPaperBagChallenge

Subhajyoti Mohanty

December 12, 2019
#MyPaperBagChallenge

Sarfraz Ahmad

December 12, 2019
#MyPaperBagChallenge

Chinmay Kumar Routray

December 12, 2019
#MyPaperBagChallenge

Tapaswini Mallick

December 12, 2019
#MyPaperBagChallenge

Adweeti Bhattacharya

December 12, 2019
#MyPaperBagChallenge

Matrumangal Jena

December 12, 2019
#MyPaperBagChallenge

Aishwarya Ranjan Mohanty

December 12, 2019
#MyPaperBagChallenge

Adyasha Priyadarsani Sendha

December 12, 2019
#MyPaperBagChallenge

Pratik Kumar Ghibela

December 12, 2019
?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????
#MyPaperBagChallenge

Dibya Ranjan Das

December 12, 2019
#MyPaperBagChallenge

Jhili Jena

December 12, 2019
#MyPaperBagChallenge

Sibarama Khotei

December 12, 2019
#MyPaperBagChallenge

Saishree Satyarupa

December 12, 2019
#MyPaperBagChallenge

Nishikant Rout

December 12, 2019
#MyPaperBagChallenge

Ankita Balabantray

December 12, 2019
#MyPaperBagChallenge

Pratyasharani Ghibela

December 12, 2019
#MyPaperBagChallenge

Sarmistha Nayak

December 12, 2019
#MyPaperBagChallenge

Anshuman Sahoo

December 12, 2019
#MyPaperBagChallenge

Pratik Kumar

December 12, 2019
#MyPaperBagChallenge

Anasuya Sahoo

December 12, 2019
#MyPaperBagChallenge

Sitakanta Mohanty

December 12, 2019
#MyPaperBagChallenge

Mrutyunjaya Behera

December 12, 2019
#MyPaperBagChallenge

Sisirkumar Maharana

December 12, 2019
#MyPaperBagChallenge

Ramakanta Sahoo

December 12, 2019
#MyPaperBagChallenge

Diptiranjan Biswal

December 12, 2019
#MyPaperBagChallenge

Arya Ayushman

December 12, 2019
#MyPaperBagChallenge

Manas Samanta

December 12, 2019
#MyPaperBagChallenge

Mandakini Dakua

December 12, 2019
#MyPaperBagChallenge

Kamana Singh

December 12, 2019
#MyPaperBagChallenge

Shreyanshu Bal

December 12, 2019
#MyPaperBagChallenge

Subhajyoti Mohanty

December 12, 2019
#MyPaperBagChallenge

Sarfraz Ahmad

December 12, 2019
#MyPaperBagChallenge

Chinmay Kumar Routray

December 12, 2019

Archives

Select Month

    Editorial

    Honeytrap Alarm

    July 26, 2025

    If your password is still “1234” and you think a luxury hotel room is a safe space, you’re probably not...

    Read more

    Exit Mystery

    Jagdeep Dhankhar
    July 23, 2025

    A major controversy has erupted after the sudden resignation of Vice President Jagdeep Dhankhar, tendered hours after he had attended...

    Read more

    Voting At 16

    Ballot Box
    July 22, 2025

    It has long been held that when one is young, one tends to subscribe to pro-poor and people-oriented progressive politics,...

    Read more

    Water Bomb

    OPiate
    July 21, 2025

    On 19 July, China began constructing a $167.8 billion dam on the Brahmaputra River in Tibet, close to the Indian...

    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