Mittal said a Rs 350 average would still make India's tariffs by far the cheapest anywhere in the world. He described it as a blend of entry plans at 200 plus and higher packs of Rs 5, 7, 8 or 10 hundred, and put it at Rs 10-12 a day

The Rs 3,050-crore transaction includes the acquisition of 100 per cent equity share capital of IntelliSmart and redemption of the optionally convertible debentures of IntelliSmart held by NIIF