Telecom major Bharti Airtel said the mobile tariff in the country is at unsustainable levels, but the battle in the industry at present is focused on market share, which continue to put pressure on business.
"I would say pricing today is at deeply compressed level that is why we have seen the kind of consolidation that has happened in last 12 months. This level of pricings are clearly unsustainable.
Pricing (rates) will have to lift but, at this point of time there is fight for market share and thats being driven by new entrant and therefore pricing remains compressed," Gopal Vittal, MD and CEO, India & South Asia, said during earnings call.
India's largest telecom operator Bharti Airtel posted a decline in consolidated net profit for the seventh straight quarter to Rs 305.8 crore for the three month period ended December 31, 2017 on account of tariff war in the industry.
Sunil Bharti Mittal led telecom firm had registered a net profit of Rs 503.6 crore in the same ..
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