Airtel, Reliance Jio and others preparing to increase tariff by 10 percent

Telecom companies like Airtel and Jio are continuously expanding their 5G networks. But while on one hand these companies are bringing this new technology to their customers, on the other hand the companies are also thinking of increasing the price of the plans.

Telecom companies including Jio and Airtel may announce a 10 percent rate hike in every fourth quarter of the next 3 years ie FY23, FY24 and FY25, according to a report by analyst Jefferies, Business Insider reports. This means that in the coming years.

The report also said that pressure on companies to increase revenue and margins has forced them to increase prices. Average revenue per Q3 showing the performance of telcos like Jio, Airtel and Vodafone Idea.

Airtel has started increasing the prices of the existing tariff plans and has also started reducing them by removing cheaper plans. Recently the company has also removed the Rs 99 plan launched in some places from its list.

In this, customers get 1GB data, 100 SMS, premium access to Airtel Xstream, Wynk Music and Zee5 for 18 days. The plan was available in select circles including Chhattisgarh, Bihar, Jharkhand, Odisha, West Bengal, Rajasthan and Uttar Pradesh East.

However, now this plan has been deleted. Instead, Airtel has relaunched the plan with a price hike. In which the Rs 99 plan is now available for Rs 155.

The revenue of telecom companies depends on their subscriber additions. In the last few months, both Airtel and Jio have seen a huge increase in customer base and both the companies are constantly trying to attract more customers.

At the same time, Vodafone Idea continues to suffer losses in terms of customers. In fact, Vi is losing big due to Jio and Airtel's 5G services. Along with this, the company is also facing financial crisis, so currently the company has not launched 5G services.