Fixing floor prices critical amid financial stress in telecom: COAI

NEW DELHI: Industry body COAI on Tuesday contended that floor price fixation is absolutely critical and need of the hour, given the “major financial stress” in the telecom industry.

The association — whose members include Bharti Airtel, Reliance Jio and Vodafone Idea — said floor prices need to be fixed for data only for an interim period, say two years, and that voice calls and tariffs can be excluded from this.