Telecom operators in India, Airtel, Vodadfone Idea, Reliance Jio hike tariffs by up to 40%.
Paying Through the Nose: Telecom operators in India including Bharti Airtel, Vodafone Idea and Reliance Jio have hiked mobile tariffs by up to 42%, effective December 3, in an attempt to amp up revenue, particularly following the recent SC AGR verdict that has increased their outstanding dues. Hindu BusinessLine
However, would this tariff hike necessarily translate into more stability for the Indian telcos? As per Nitin Soni, Director, Corporates, Fitch Ratings, it seems the effective tariff increase is 25-35%, however, the actual tariff hike will depend on the preference of users on whether they go with the higher data allocation or they want to pay higher tariff over the short to medium term. More on this here.
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