Vodafone Idea, Airtel To Hike Tariffs

No word on quantum of increase in rates from Dec., move follows financial impact of AGR ruling

- 

Reeling under the impact of the Supreme Court’s ruling on adjusted gross revenue (AGR), Vodafone Idea and Bharti Airtel on Monday announced that they will be increasing tariffs from December, although both telcos did not specify the quantum.

Vodafone Idea Limited (VIL), India’s second largest telco by number of subscribers, has decided to increase the tariff from December 1, 2019, due to the acute financial stress in the telecom sector.

“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 a statement without elaborating on the quantum of increase.

However, the telco reiterated its commitment to play its due role in realising the vision of Digital India by continuing to provide seamless mobile services to customers across India despite posting a loss of ₹50,921 crore for the second quarter, the highest in India Inc.