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Govt nudges telcos, airlines to raise rates, shun bitter price wars

Move comes in view of big debt overhang in two sectors; companies unwilling

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Illustration: Ajay Mohanty

Surajeet Das Gupta New Delhi
Telecom and airline companies, which have for long sought relief from the government to revive their operations, have got feelers that only a price hike could save them. Worried over the financial state of the two promising sectors, the government’s advice to them is to end the price war and go for a rational hike in rates, it is learnt.

Tariffs and fares are determined by the industry in the two sectors. But a top source in the government said telcos and airlines, on a path of self-destruction because of the price war, needed to make a reasonable increase. “That will

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