India has billions of mobile phone users and all of us will be paying up to 40-percent more to make calls and use data from this month. And the price is not limited to one or two carriers but includes all the major players including Reliance Jio, Airtel and Vodafone. This particular price hike will increase the tariff prices for the first time since 2016.
Vodafone and Airtel have been incurring losses for a long time now and they have a January end deadline to pay up thousands of crores in additional statutory dues. Jio, however, is stepping in, to help sustain the industry and has hence confirmed that it'll be increasing the prices too. The telecom industry in India is burdened with over Rs 7 lakh crore of debt and the world's lowest average revenue per user, as noted by the Economic Times.
Analysts have predicted that this would be the biggest price hike in India's telecom industry and we'll even have to start paying for voice calls which is now being given to us for free.
Both Vodafone and Airtel will increase the rates for only prepaid customers starting December 3. There's no word about the prices and it remains to be seen as to what'll happen with the postpaid subscribers. Jio will increase its prices starting December 6.
Vodafone Idea says the charges will be in line with our commitment to provide simple, convenient and affordable products. Airtel said the tariff increase will range from 50 paise a day to up to Rs 2.85 per day. Jio also noted that its new prices will be up to 40-percent higher, although it has promised to provide up to 300-percent more benefits.
We'll soon be curating a list of all the new tariff plans and the best ones to choose from. We doubt if the new prices will significantly the data usage for its subscribers, although you'll certainly be paying more than the current rates.
Source: Economic Times