Industry ARPU needs to reach Rs 300, Trai intervention needed: Sunil Mittal

NEW DELHI: Bharti Airtel Chairman Sunil Mittal said that over time, the average tariff per user needs to reach Rs 300, or $4, which would still be the lowest across the world, but would bring about a revival of the currently stressed telecom sector in India.

Speaking to reporters on Monday after a pre-Budget industry meeting with the finance minister and officials, Mittal said that a balance needs to be found between consumer interest and financial resources needed for investments. To this effect, he said the Telecom Regulatory Authority of India (Trai) needs to intervene and set a floor price.