Bharti Airtel and Reliance Jio are the two leading telecom providers in the country. Also these two telecom companies have rolled out 5G network in the country. Meanwhile, with the release of the 5G network, there are reports that there will be a price increase in the plans of Airtel and Jio. And this price hike is said to be applicable across the country.
The price can be increased up to 10 percent
According to Analysts Jefferies, people’s mobile bills are likely to increase very soon as prices are expected to rise by up to 10% by telcos. Analysts Jefferies also predicts 10% price hikes from Airtel and Jio in Q4 of FY23, FY24 and FY25. In such a situation, analysts are predicting that telecom companies may increase their charges.
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Airtel has conducted the test
Airtel earlier this year removed the Rs 99 pack from some regions for a trial run. The tariff hike strategy is in line with the objectives of the telcos to expand into rural areas, which further erodes profits. Analysts said growing subscriber numbers and demands for MNP (Mobile Number Portability) point to increasing competition in the Indian telecom industry.
Meanwhile, according to TRAI’s October 2022 customer data, the number of Vodafone Idea customers has dropped to 3.5 million. It is noteworthy that Jio and Airtel together have attracted 2.2 million new users.
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