Vodafone Idea, the largest telco by subscribers, said the market was "unsustainable" due to aggressive competition and warned that this was detrimental to the government's flagship initiatives, like Digital India.
In his first interaction after the merger of the two companies, chief executive Balesh Sharma said on Thursday that all the three operators were burning cash and no one could expect them to invest in such a situation.
Blaming the low Arpu, or average revenue per user, for the cash flow troubles that the domestic telcos face and the resultant underinvestment in the network, he said that in neighbouring China, the