The Telecommunications Regulatory Commission (TRC) has set minimum prices for mobile phone calls in a bid to minimize losses amounting to billions of rupees incurred by the industry.
TRC Chief Anusha Pelpita has said that the Commission has set a floor price of Rs. 2 for outgoing calls for all mobile phone networks from today (15).
The lowest tariff at present is 25 cents per minute and had resulted in the industry losing billions of rupees.
“Last year, the mobile industry lost Rs. 23 billion,” Pelpita has said, adding that it was the first loss for the cellular industry since mobile phones were introduced in 1989.
“Excessive price wars between operators are partly to blame for this mess. We are putting in floor prices at the request of operators to minimize the losses,” he has said.
According to Pelpita, the losses in the mobile phone industry have made it difficult to invest in new technologies for network expansion and broadband services.