Reliance Jio has just issued a statement that it would take all necessary measures to strengthen the telecom industry in India. This development comes close on the heels after Airtel and Vodafone Idea declared their intent to raise tariffs after 1 December 2019.
“As per media reports, we understand that TRAI is likely to initiate a consultation process for revision of telecom tariffs. Like other operators, we will also work with the Government and comply with the regulatory regime to strengthen the industry to benefit Indian consumers and take measures including appropriate increase in tariffs in next few weeks in a manner that does not adversely impact data consumption or growth in digital adoption and sustains investments,” said Reliance Jio in a statement.
The company also said in its statement that Jio would compete on the basis of quality and service in the marketplace and would always provide the best service to their customers. “We believe that the ambitious objectives of the ‘Digital India’ mission can be achieved only if India is made “2G-mukt” in the shortest time-frame possible. The Government and TRAI should mandate this through policy. This requires continued investment at an industry level. The whole industry needs to come up the curve and raise standards to meet the aspirations of Indian citizens and fulfill the nation’s digital agenda,” added the statement from Reliance Jio.
This week Vodafone Idea said that it would ‘suitably’ increase the prices of its tariffs from 1 December 2019 in a bid to provide some relief and combat the ‘acute financial stress’ in the telecom sector that has been acknowledged by all stakeholders.
Airtel released a similar statement as well saying “The telecom sector is highly capital intensive with fast-changing technology cycles that require continuing investments. It is, therefore, extremely important that the industry remains viable to support the vision of Digital India. Accordingly, Airtel will appropriately increase price offerings in the month beginning December. While continuing to provide affordable tariffs to customers, it would balance the needs of the company to remain viable.”