Bharti Airtel Chairman Sunil Mittal has said that the company will legally challenge the Telecom Regulatory Authority of India’s (Trai) latest regulation on predatory pricing.
Speaking on the sidelines of the Mobile World Congress in Barcelona, Mittal said: “I don’t think there is any other choice. We heard views of one of the leading operator on the predatory pricing order, Vodafone. Vittorio (Colao ) has made a very strong comment and we have heard Trai’s response. This order hinders operators’ ability to conduct business in an orderly manner and I cannot envisage anything other than a legal challenge.”
Prior to Mittal, Vodafone’s group CEO Vittorio Colao had criticised Trai’s order and said that the company will challenge it in court.
With Mittal’s statement, the contours have become clear: Incumbent operators will individually challenge the order while the Cellular Operators Association of India will also challenge it as an industry association.
Incumbent operators and COAI feel that the order favours Reliance Jio. While Jio has denied this, Trai chairman RS Sharma said a day back in Barcelona that if the operators have any issues with the order, it is their right to approach the courts, and it is the right approach.
Source: Financial Express