Bharti Airtel, Vodafone Idea, and Jio had urged the government to reduce the price, following which the matter went to the regulator for a review.
Telcos have reduced their tariffs so much that they earn only Rs 75 per user per month, nationally
We will not interfere in their decision to raise tariffs but if the consumer is affected due to the increase we will intervene, says a senior DoT official
The net worth of Birla has shrunk to about $6 billion from $9.1 billion two years ago
This comes soon after all three private telecom operators announced they were raising mobile phone tariff
Foreign brokerage Credit Suisse believes that Jio's tariff hike could bring an annual cash flow in excess of $1.5 billion
Telecom players including Airtel and Vodafone Idea had sought some relief from the telecom sector
Earlier this week, Reliance Jio, Airtel and Vodafone all announced tariff hikes to be effective from next month
In anticipation of the tariff hike, Reliance Industries' market cap crossed the Rs 9.5-trillion mark on Tuesday
Jio reported adding 698,3146 subscribers in Sept , the lowest since it added 6.1 mn in Nov 2017
Reliance has increased 35% this year, compared with BP's 1.2% gain as it works on cutting high debt levels
Tariff hikes may not be across the board but in a few key segments, say experts
Bharti Airtel and Vodafone-Idea have announced plans to increase tariffs for customers from December 1
The decision of Vodafone Idea and Airtel to raise tariffs is being seen as a step to encourage the government to offer a relief package to the industry
Jio is waiting for the tariffs numbers announcement by the telcos duo and will react after that
SBICap Securities said VIL reported a net loss of Rs 50,921 crore on the back of provisioning for the liability arising from the Supreme Court ruling on the AGR issue
Traffic symmetry indicates that a telecom operator will not have any outstanding balance of interconnect usage charges (IUC) against other networks
Strategic errors - acts of omission and commission - have hurt many companies
Reliance Jio said that delaying implementation of zero call connect charges beyond January 2020 will hurt affordability of telecom services
Airtel said that IUC should not come down to zero and the BAK regime should be postponed by at least three years