Disappointed with Cabinet decision on fixing minimum or base price at Rs 14,000 crore for spectrum, the telecom industry today said the recommendations will prove to be "regressive" for the sector's growth and that operators would be forced to raise tariffs for consumers.
GSM operators body COAI, which countsBharti Airtel, Vodafone and Idea Cellularamong its members, said the move will impact tariffs by 30 paise per minute on an average.
"It will continue to have an impact on the tariffs to the extent of about 30 paisa per minute. The effect on finances is that an amount of Rs 3,20,000 crore of additional debt that will have to be laid on the industry," COAI said.