Saturday, 04 December 2021

Bharti Airtel Hike Prepaid Tariff by 20-25% from 26th November

Bharti Airtel Hike Prepaid Tariff by 20-25% from 26th November

On Monday, telecom service provider Bharti Airtel said it has decided to hike its prepaid tariffs by 20 to 25 percent, effective from 26th November 2021. With this, the current tariff of Rs 75 with a validity period of 28 days will be hiked to Rs 99, while the current tariff of Rs 149 with a validity period of 28 days will be rise to Rs 179.

The other plans that also have been increased include the existing tariff plan of Rs 219 with a validity of 28 days, which was hiked to Rs 265, the Rs 249 plan with a validity of 28 days, which was a hike to Rs 299.

The current tariff of Rs 298 with the validity of 28 days was increased to Rs 359.

Toward the higher end recharge, the existing tariff plan of Rs 2,498 with a validity period of 365 days was increased to Rs 2,999.

The company said in a statement.

"Bharti Airtel has always keep up the the mobile (ARPU) Average Revenue Per User needs to be at Rs 200 and eventually at Rs 300, so as to provide a decent return on capital that permit for a financially healthy business pattern,"

"We also believe that the level of (ARPU) Average Revenue Per User will enable the substantial investments required in spectrum and networks. And more important, this will give Airtel the curve room to launch 5G in India."

Read More: 5G trial network in Mumbai by Airtel and Nokia; Trial to live go soon in Kolkata

"Therefore, as a first move, we are taking a lead in rebalancing our tariffs during the month of November. appropriately, our new tariffs as indicated below will come into effect from 26th November, 2021."

On this development, Axis securities said,

"Bharti tariff hike has been higher than what expects. Bharti Airtel has taken the lead and increased prices quite notably. ARPU of Rs 200 is achievable in the near future for Bharti. The tarriff hike by Bharti is positive for entire industry, hikes are sustainable."

Earlier this month, Bharti Airtel CEO Gopal Vittal said that the company needed to raise its average revenue per user (ARPU) to Rs 200 in the near term and Rs 300 in a long time.

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