Floor price ain\'t good maths

Floor price ain't good maths

It's avoided by regulators in developed countries as it is considered anti-competitive and anti-consumer

Nivedita Mookerji 

Nivedita Mookerji

Nobody quite knows why Vodafone group chief executive Nick Read wants to meet Telecom Minister Ravi Shankar Prasad later this week. Read — earlier the chief financial officer at the UK-headquartered telco — is a numbers man with a degree in accounting and finance and hence his meeting with the minister at this critical juncture is expected to be about the maths of doing business in India.

It could also be about the maths of leaving India. Vodafone Idea, the joint venture operation in India, has already made multiple representations to the government with a wish list so that its ...

First Published: Wed, March 04 2020. 21:05 IST