Jio tariff very aggressive, unsustainable: Mittal

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Jio, which has spent USD 25 billion on its 4G wireless data network, will terminate free data plans from April 1 but has offered customers the option of signing up for a Jio Prime membership for Rs 99 to continue using unlimited services for a year by paying Rs 303 every month.

In a free-wheeling chat on the sidelines of the Mobile World Congress, Mittal, who is also the Chairman of global industry body GSMA, strongly advocated consolidation for the Indian telecom industry to “get the economic case back”, pitched for affordability in spectrum pricing that has gone “out of control” in the last few years, and said the spectrum surplus industry will not need an airwave auction, at least in 2017-18.

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