Telecom crisis: Brokerages expect around 15% hike in tariffs for Vodafone, Bharti Airtel customers from December
5 years, 4 months ago

Telecom crisis: Brokerages expect around 15% hike in tariffs for Vodafone, Bharti Airtel customers from December

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Customers of Vodafone Idea and Bharti Airtel must now brace themselves with higher mobile phone bills come next month Customers of Vodafone Idea and Bharti Airtel must now brace themselves with higher mobile phone bills come next month. Bharti Airtel and Vodafone Idea on Monday announced hike in a mobile phone call and data charges from December saying the increase was warranted for the viability of their business. Analysts at Motilal Oswal Institutional Research said according to their assessment there is a possibility of 15 percent hike by Vodafone Idea and Bharti Airtel in order to go back to the same premium as it used to enjoy over Reliance Jio. For Bharti, the above calculation on a consol basis could mean 25 percent estimated jump in EBIDTA estimates which for a FCF positive company should further aid valuations.” Announcement of raising tariffs First, Vodafone Idea in a statement announced plans to raise tariffs for the first time in three years only to be followed by a similarly worded statement minutes later from Airtel.

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