TRAI rejects proposal of floor prices by incumbent operators

Must Read

President Ram Nath Kovind appoints new governor for Kerala, Telangana, Himachal Pradesh and Maharashtra

President Ram Nath Kovind appointed new governors for Maharashtra, Kerala, Telangana, Rajasthan, and Himachal Pradesh on Sunday. https://twitter.com/ANI/status/1168037199767457792 Former Union Minister Kalraj...

NRC list for Assam released; Fear looms as 19 lakh people face exclusion

NRC (National Register of Citizens) for Assam has been published at 10 am today. The final list excludes over...

Lateral Entry Era Begins as Union govt. appoints 9 professionals to Joint Secretary posts

The government has appointed its first batch of private professionals to the post of Joint Secretary in various ministries....

As stated earlier, Telecom Regulatory Authority of India(TRAI) is holding a meeting on July 21, with the incumbent operators to decide the floor prices of voice and data services. The demand was raised by the Bharti Airtel and Idea Cellular. They also wanted the upward revision of interconnect usage charges(IUC).

In the meeting which held today, TRAI rejected the proposal from the incumbent operators who were seeking to decide the floor prices for voice and data services.

TRAI Chairman, RS Sharma after attending the meeting with the CEO’s of the telecom operators said,”We had a detailed discussion on this. Fixing a floor price was not a workable idea. Prices, as they are under forbearance, should continue as they are”. He also added that there wouldn’t be any further discussions on this.

The incumbents wanted a floor price to put an end to the free services which were being offered by newcomer Reliance Jio Infocomm. The free and low-cost services had triggered an intense price war which had hurt the revenue and profitability of the established carriers.

- Advertisement -

Latest News

R&D centre for clean coal unveiled in Bengaluru

Bengaluru, Sep 16 (IANS) Union Minister of Science and Technology Harsh Vardhan on Monday opened the national centre for...

RBI expands BBPS coverage to all categories

Mumbai, Sep 16 (IANS) The Reserve Bank of India on Monday expanded the Bharat Bill Payment System coverage to included all categories of billers,...

Wanted criminal held in Narela murder case

New Delhi, Sep 16 (IANS) With the arrest of 25-year-old history-sheeter, the Delhi Police claimed to have solved the Virender Maan murder case, who...

GM, TCS launch partnership for global vehicle engineering

New Delhi, Sep 16 (IANS) Automobile manufacturer General Motors and IT major Tata Consultancy Services on Monday entered into a partnership for future global...

Italy resuming a central role in Europe: EU Commissioner

Rome, Sep 16 (IANS/AKI) With its new left-leaning government, Italy, a founder member of the European Union, and the eurozone's third largest economy, is...
- Advertisement -

More Articles Like This