Jio tariff very aggressive, unsustainable: Mittal

“First of all, good news is that eventually they have announced that they will charge from April 1. But yes, still to our mind, it is the pricing which is unsustainable. 1GB a day (of data) for that price is pretty low. It is better than zero (free services),” he said.

Bharti Airtel had reported over 54 per cent fall in net profit to Rs 503.7 crore for October-December quarter of 2016 due to what it had at the time termed “turbulence” from “predatory pricing by a new operator”.

Asked how long will his company continue to feel the impact of Jio on its earnings, Mittal said that overall, he expected that by March 2018, the “dust will settle down” for the entire industry.

From Agencies, Featured image courtesy livemint