Tariffs unsustainably low, more needs to be done, says Bharti Airtel CEO

Airtel had, on Monday, reported Q4 loss at Rs 5,237 crore, mainly on account of provisioning for paying statutory dues, while its full year losses ballooned to a record Rs 32,183 crore.

Bharti Airtel on Tuesday said that while the telecom industry has seen some bit of repair, tariffs continue to be “unsustainably low”, as it exhorted the sector regulator to address the floor price issue “sooner than later”.

In an earnings’ call, Bharti Airtel CEO, India and South Asia, Gopal Vittal, said although the company is by-and-large comfortable with its spectrum holding and has the required headroom, it is keen to have sub-GHz footprint across the country to plug some gaps.

Airtel had, on Monday, reported Q4 loss at Rs 5,237 crore, mainly on account of provisioning for paying statutory dues,