India Inc reacts to Budget 2012 : Hike in tax to pass on to customers: Airtel
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India Inc reacts to Budget 2012  

Hike in tax to pass on to customers: Airtel
Sanjay Kapoor of Bharti Airtel expects mobile phone bill to rise following a two percent hike in service tax proposed in the Union.

"Service tax goes up from 10 to 12 percent and obviously that will be passed on to the customers," Sanjay Kapoor said.

He also said the budget did not contain anything specific for the telecom sector.

"On an overall basis, there is nothing that changes the fortunes of the telecom company. They have got more on stake on the telecom policy per se which we are expecting to follow the budget."
 
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