Reliance Communications has hiked mobile call rates for both its GSM and CDMA pre-paid customers by up to 30 per cent.
The new tariffs will apply to all customers with immediate effect, with the move aimed at bringing in greater revenue per minute (RPMs) and profitability.
"We have now corrected all Commitment Plans across the country and have increased tariffs by between 20 per cent and 30 per cent," RCom's Chief Executive Officer for Wireless Business, Gurdeep Singh said in a statement.
According to the company, a
large part of its customer base uses Commitment Plans. RCom has hiked rates under Commitment Plans 21 and 45 from 1 paise per second to 1.2 paisa per second.
Under Commitment Plan 46, RCom will now offers 140 Local On-Net Mins, as against 200 mins earlier - a reduction of 30 per cent.
It has also reduced benefit under special tariff vouchers, which enable mobile phone user to get services at discounted rates by up to 65 per cent. Commitment Plan 48 now offers 160 Local On-Net Minutes (RCom to RCom), against 500 minutes earlier - a reduction of 65 per cent
"With the Indian telecom industry now heading for a phase of consolidation, with smaller operators shutting down or scaling down their operations and easing off hyper-competitive pressures, this will help
pricing power move back to serious, long-term and pan-India scale operators and positively impact profitability," Singh said.
Reliance Communications'
shares were trading marginally higher at Rs 110.30 in afternoon trade on the Bombay Stock Exchange.
With inputs from PTI
Special 
