Phone bills set to rise as Vodafone Idea, Airtel plan tariff hike from December 1
In the quarter ended September 30, 2019, Vodafone Idea and Bharti Airtel reported a cumulative loss of almost Rs 74,000 crore between them due to provisioning for AGR payout to Department of Telecommunications
- Nov 18, 2019,
- Updated Nov 18, 2019 10:42 PM IST
Vodafone Idea and Bharti Airtel have revealed plans to increase mobile service rates from December 1. In separate statements, Vodafone Idea cited "acute financial crisis" as reason behind the increase in tariffs, whereas Airtel said the move is meant to keep the industry and the company "viable".
"To ensure that its customers continue to enjoy world class digital experiences, Vodafone Idea will suitably increase the prices of its tariffs effective December 1, 2019," Vodafone Idea said in its statement on Monday afternoon.
The largest telecom operator in the country also said, "The acute financial stress in the telecom sector has been acknowledged by all stakeholders and a high level Committee of Secretaries (CoS) headed by the Cabinet Secretary is looking into providing appropriate relief."
AGR impact: Banks fear telcos' loan defaults worth Rs 1.15 lakh crore
Vodafone Idea and Bharti Airtel have revealed plans to increase mobile service rates from December 1. In separate statements, Vodafone Idea cited "acute financial crisis" as reason behind the increase in tariffs, whereas Airtel said the move is meant to keep the industry and the company "viable".
"To ensure that its customers continue to enjoy world class digital experiences, Vodafone Idea will suitably increase the prices of its tariffs effective December 1, 2019," Vodafone Idea said in its statement on Monday afternoon.
The largest telecom operator in the country also said, "The acute financial stress in the telecom sector has been acknowledged by all stakeholders and a high level Committee of Secretaries (CoS) headed by the Cabinet Secretary is looking into providing appropriate relief."
AGR impact: Banks fear telcos' loan defaults worth Rs 1.15 lakh crore