Telcos ready to bite the bullet: Airtel, Vodafone Idea to hike tariffs from December

Last Updated: Nov 19 2019 | 10:26 AM IST

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Incumbent telecom operators Vodafone Idea and Bharti Airtel, bruised by fierce competition to keep prices low, will hike tariffs starting December 1, the companies said in a surprise announcement on Monday. The first telecom tariff hike in several years follows record second-quarter losses reported by the two operators. The telcos, however, did not provide any guidance on the amount of the hike or the subscriber segments to be impacted by the move. Analysts see the hikes as a positive for the sector, which has only witnessed tariff cuts since the launch of Reliance Jio in September 2016.

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