{"id":92603,"date":"2023-02-28T10:40:00","date_gmt":"2023-02-28T05:10:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=92603"},"modified":"2023-02-28T10:33:33","modified_gmt":"2023-02-28T05:03:33","slug":"biz-airtel-mittal-2","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-airtel-mittal-2\/","title":{"rendered":"Return on capital very low, expects tariff hike by mid of 2023: Bharti Airtel chairman &#8216;"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2230797856\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The Return on capital in the telecom business is very low and a tariff hike is likely to be the mid of this year, Bharti Airtel chairman Sunil Bharti Mittal said here on Monday.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-872918551\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>While responding to a PTI query at the Mobile World Congress, Mittal said that the company has a healthy balance sheet and there is no need to raise any more capital.<\/p><p>&#8220;Lot of capital has been injected that has made the balance sheet strong but the return on capital of this industry is very low. That needs to change. We are talking of small increments that need to come in the Indian tariff situation. I hope half (by mid) of this year,&#8221; Mittal said.<\/p><p>When asked about the impact on people at the bottom of the pyramid, he said that the hike is low compared to the spending people are making on other things.<\/p><div class=\"trade-content_5\" id=\"trade-2056111001\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>&#8220;Salaries have gone up, rents have gone except one thing. There is no one complaining. People are consuming 30 GB for almost paying nothing. We don&#8217;t have more Vodafone type of scenarios in the country.<\/p><p>&#8220;We need a robust telecom company in the country. The dream of India is digital, economic growth is fully realised. I think the government is fully conscious, the regulator is conscious and people are also very conscious,&#8221; Mittal said.<\/p><p>He said that he disagrees that the tariff hike is impacting people at the bottom of the pyramid.<\/p><p>Sunil Bharti Mittal-led Bharti Airtel last month increased the price of its minimum recharge for the 28-day mobile phone service plan by about 57 per cent to Rs 155 in eight circles.<\/p><p>The company stopped its minimum recharge plan of Rs 99, under which it offered 200 MB of data and calls at the rate of Rs 2.5 paise per second.<\/p><p>Bolstered by the price hikes last year, the India Mobile Average Revenue Per User (ARPU) of Bharti Airtel soared to Rs 193 during the December quarter of 2022-23 from Rs 163 in December 2021 quarter.<\/p><div class=\"trade-content-10\" id=\"trade-313914725\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>While the short-term ARPU target of Airtel is Rs 200, its focuses on a medium to long term ARPU target of Rs 300 through price hikes for sustainable operations. PTI PRS MR<\/p><div class=\"trade-after-content\" id=\"trade-992565114\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The Return on capital in the telecom business is very low and a tariff hike is likely to be the mid of this year, Bharti Airtel chairman Sunil Bharti Mittal said here on Monday. While responding to a PTI query at the Mobile World Congress, Mittal said that the company has a healthy balance sheet [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":31510,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-92603","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Return on capital very low, expects tariff hike by mid of 2023: Bharti Airtel chairman &#039; - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The Return on capital in the telecom business is very low and a tariff hike is likely to be the mid of this year, Bharti Airtel chairman Sunil Bharti Mittal said here on Monday.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/?p=92603\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Return on capital very low, expects tariff hike by mid of 2023: Bharti Airtel chairman &#039;\" \/>\n<meta property=\"og:description\" content=\"The Return on capital in the telecom business is very low and a tariff hike is likely to be the mid of this year, Bharti Airtel chairman Sunil Bharti Mittal said here on Monday.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/?p=92603\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-28T05:10:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/03\/Airtel-23-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"PTI News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/03\/Airtel-23-Cover-Image.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"PTI News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/?p=92603\",\"url\":\"https:\/\/tradebrains.in\/features\/?p=92603\",\"name\":\"Return on capital very low, expects tariff hike by mid of 2023: Bharti Airtel chairman ' - 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