Airtel Ceo Says Tariffs Are 'Absurdly Low' & Calls For 'significant Repair' | CNBC TV18

Shares of Bharti Airtel searched in trade after its management call for industry by tariff repair with the participation of Telecom operators investor call. The management said that Indias tariffs are absurdly low in comparison to other markets globally. Rima Tendulkar joins us now with the details. Rima take us through the managements commentary. Party Airtel investor call formally reiterating that tariff repair is needed. He's not saying by how much or when it will take place, but goes on go on. You know, he reiterates that tariffs in India are an absurdly low level. At these levels of tariffs, they're hardly making any return on capital, just about 10% and tariffs need to go up. So you know, you know, very clear that you know the tariffs need to go up. The other important take away is that FY24 was peak CapEx for them and from here on CapEx will come down which means the amount of cash that the company generates will go up, which is also positive. So as one of the you know, analysts was earlier pointing out. That in FY25, there are two potential big triggers for the company. One, if a tariff hike takes place, it largely flows through directly into the EBITDA, so EBITDA goes up. Secondly, because CapEx spend will come down, the company has largely finished its Pan India 5G CapEx, so the amount that it spends on CapEx comes down. Again that's positive for the free cash flow and EBITDA. And the third one will be on AGR and the judgment that's awaited there.

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