Airtel to lead tariff hikes for healthy valuations, UK award recognises India’s rise: Sunil Mittal

New Delhi: Sunil Bharti Mittal, who became the first Indian to be knighted by Britain’s King Charles III, said on Thursday that Airtel will take the lead in raising telecom tariffs if market signals are perfect to keep valuations healthy, while ensuring better return on investments.

Airtel Founder and Chairman said, “We have always said we need to go to Rs 300 ARPU (average revenue per user) from Rs 200 now.”

“Valuations need to be healthy. The tariff needs to be suitable to give rewards to the shareholders and a decent return on capital,” Mittal told NDTV Profit in an interview. “That has been woefully short.”