Vodafone Idea CEO Takkar says telco ready to take first step to raise prices

NEW DELHI: Vodafone Idea (VIL) said tariffs should go up and the telco is ready to take the first step, signalling that a rise in tariffs was imminent for the telecom sector which is neck deep in debt.

VIL’s MD and CEO Ravinder Takkar, at a media briefing on Monday, said that “everyone is selling below cost” and the telco is “not shy to take that step (raising prices)”. Takkar added that the sector regulator also needs to look into tariff charts.