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After Jio, Airtel raises mobile tariffs from 3 July. Details here
Livemint
·
1y ago
Medial
Telecom giant Bharti Airtel has announced a hike in mobile tariffs, following the recent increase by Reliance Jio. Airtel stated that the move was necessary to maintain a financially healthy business model for telcos in India. The company has increased its prepaid plans by 11-21% and postpaid plans by 10-20%. However, it claimed that the increases were modest and aimed not to burden customers. Airtel also confirmed that it will not introduce separate 5G tariff plans, unlike Jio, which has made 5G services available only on certain plans.
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Government decides not to intervene in Airtel, Reliance Jio tariff hike, the first in 3 years
Livemint
·
1y ago
Medial
The Indian government and telecom regulator have decided not to intervene in the recent price hikes by telecom companies. Telecom tariffs in India are among the lowest globally, and authorities believe there is enough competition in the sector, stating that the situation is not critical. Reliance Jio and Airtel have implemented price increases across various data packs starting July 3, affecting both prepaid and postpaid users. This includes adjustments to their monthly, quarterly, and annual plans. Airtel and Jio have revised their prepaid plans to strike a balance between affordability and improved service offerings.
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Jio, Airtel, Vi record customer loss post tariff hike, BSNL becomes only gainer in July
Money Control
·
10m ago
Medial
In July, state-run BSNL emerged as the only player to gain new subscribers and lead the market in terms of net customer addition in India's telecom sector. Other major players, including Reliance Jio, Bharti Airtel, and Vodafone Idea, reported a decline in customer base due to a tariff hike. BSNL added over 2.94 million mobile subscribers in July, while Airtel lost 1.69 million subscribers, Vodafone Idea lost 1.41 million, and Reliance Jio lost 758,000 subscribers. Overall, the telecom subscriber base slightly decreased to 1,205.17 million in July.
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Jio vs Airtel vs Vodafone: How much should you pay now after the hike in tariffs
Livemint
·
1y ago
Medial
Major telecom operators in India, Reliance Jio, Bharti Airtel, and Vodafone Idea, have increased their tariffs starting from July 3rd. This will impact both prepaid and postpaid users. The price hike affects various plans, with revised tariffs and benefits for different durations. The operators will continue to offer monthly, quarterly, and annual plans. The move comes as these telecom giants aim to improve their profitability in the highly competitive Indian telecom market.
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BSNL introduces new 395-day plan in various Indian states: Price and benefits
Livemint
·
1y ago
Medial
Indian telecommunications company BSNL is set to launch its 4G services nationwide. This comes after private operators increased their tariffs in July 2024. BSNL's new ₹2,399 plan offers subscribers 2GB of high-speed data per day, unlimited voice calls, and free nationwide roaming. Private operators like Airtel and Reliance Jio have also revised their plans, with price increases across various packages. As BSNL enters the 4G market, competition in India's telecom sector is expected to intensify, providing consumers with more options.
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Bharti Airtel at life high as SC takes up AGR case petition; Bernstein raises price target
Money Control
·
10m ago
Medial
Shares of Bharti Airtel rose almost 3% as the Supreme Court reviewed the curative petitions filed by Bharti Airtel and Vodafone Idea in the Adjusted Gross Revenue (AGR) case. Brokerage firm Bernstein raised its price target for Bharti Airtel by 9% to Rs 1,740, citing expected relief measures and strong growth prospects. They also noted a favourable market structure for the telecom industry, driven by consolidation, with Bharti Airtel and Jio gaining market share. UBS Securities also increased its price target for Bharti Airtel to Rs 1,595.
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Bharti Airtel in talks with Vodafone for majority stake in Indus Towers: Report
Livemint
·
1y ago
Medial
Bharti Airtel is reportedly in talks to acquire an additional 3% stake in Indus Towers from Vodafone, which would give Airtel a controlling 52% stake in India's largest mobile tower installation company. This comes after Vodafone recently sold 18% equity in Indus Towers for approximately INR 15,300 crore. Airtel also plans to merge its data center business, Nxtra, with Indus Towers. The proceeds from the deal would help Vodafone pay off its outstanding dues of nearly INR 5,400 crore.
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June active user additions led by Metro, A circles: Jefferies
Economic Times
·
7d ago
Medial
In June, Indian telecom active subscriber growth continued, primarily driven by Metro and A circles, counterbalancing losses in smaller areas, as reported by Jefferies. Reliance Jio and Bharti Airtel led additions, with Jio outperforming Airtel for the fourth month. Vodafone Idea continued losing subscribers, albeit at a slower pace. Jio's market share increased to 43%, while Airtel's slightly declined to 36%. The sector saw strong growth potential, despite high mobile number portability requests.
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Reliance Jio on path to become dominant Fixed Wireless Access player globally: Analysts
Economic Times
·
1m ago
Medial
Reliance Jio is set to become the world's largest Fixed Wireless Access (FWA) provider, surpassing T-Mobile in subscriber base, according to analysts. As of May, Jio held 6.88 million FWA subscribers, compared to T-Mobile's 6.85 million in March. Jio dominates the Indian broadband market with a 50.72% share and continues to expand its footprint, adding significantly to its subscriber base alongside Bharti Airtel in the growing Indian telecom sector.
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Nokia in talks with Bharti Airtel for multi-billion dollar 5G contract: Report
Money Control
·
9m ago
Medial
Finnish company Nokia is reportedly in discussions with Bharti Airtel, an Indian mobile operator, regarding a multi-billion dollar contract to provide 5G equipment. This comes after Ericsson was awarded a similar contract by Bharti Airtel. India is the second-largest smartphone market globally, prompting telecom companies to invest heavily in 5G network upgrades. However, orders from India slowed down significantly this year. The potential deal with Airtel would involve Nokia's latest AirScale mobile radios, which support network upgrades to 5G-Advanced and reduce energy costs. Other vendors, such as Samsung, are also in talks with Airtel.
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Reliance Jio Hikes Prepaid & Postpaid Tariffs
Inc42
·
1y ago
Medial
Reliance Jio has increased the prices of its prepaid and postpaid plans by 12-25% starting from July 3. This move is aimed at promoting sustainable growth and allowing for greater investment in 5G and AI technologies. In addition, Jio has announced new restrictions on free 5G access and the launch of two new apps called JioSafe and JioTranslate.
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