Trai may not intervene in tariffs, floor price

New Delhi: With large telecom operators planning a rate hike in coming days, Trai is unlikely to make an immediate intervention on tariff issues, including fixation of any floor price as of now despite industry's demands, sources said.

Amid ongoing turbulence in the telecom sector, Trai Chairman on Wednesday met the heads of telecom companies (telcos), including Vodafone Idea CEO, to identify priority issues that will be taken up by the regulator in 2020.

Sources aware of Trai's views on the issue said that making any fresh move on floor prices or intervention does not make sense at this point, given that operators have already announced plans to hike tariffs in future.

Sources said any move by Trai now may "derail" the process that has been initiated at the operators' end. The regulators considers intervention to be the "last resort".

As operators have already announced that they will increase tariffs, Telecom Regulatory Authority of India (TRAI) will wait to see how the entire situation unfolds.

There is no decision on floor price as of now, and any call on the issue will be taken only at a later date.

Sources said that floor price was among key issues flagged by the industry representatives at the meeting held at Trai on Wednesday. A section of the industry wanted a regulatory intervention by Trai on the issue.

It is pertinent to mention here that telecom operators have announced plans to hike pricing in the coming days, although they have not indicated just how much the tariffs will increase.

(For all the latest News, Mumbai, Entertainment, Cricket, Business and Featured News updates, visit Free Press Journal. Also, follow us on Twitter and Instagram and do like our Facebook page for continuous updates on the go)

Free Press Journal