Telecom Tariff Hike Alert: Mobile recharge can become expensive again, know how much the prices can increase
mobile recharge price hike: If companies increase the prices of their plans by 15 percent, it will have a direct impact on the pockets of customers. For example, a plan of Rs 199 may cost around Rs 229. Whereas the plan of Rs 299 can increase to around Rs 344 to Rs 359.
Mobile recharge can be expensive
Recharge Plans May Get Costlier: Mobile recharge plans in India may become expensive once again. According to the report of Centrum Institutional Research, telecom companies can increase the prices of their plans by 12 to 15 percent in the next 3 to 4 months. The report also says that the number of customers of Bharti Airtel and Reliance Jio is likely to increase in the coming time, while Vodafone Idea will expand its 5G network rapidly.
How expensive can a recharge be?
If companies increase the prices of their plans by 15 percent, it will have a direct impact on the pockets of customers. For example, a plan of Rs 199 may cost around Rs 229. Whereas the plan of Rs 299 can increase to around Rs 344 to Rs 359. Apart from this, the long validity plan of Rs 999 can cost around Rs 1,149. This means that in the coming time, you may have to spend more money than before for mobile recharge.
Why are companies increasing prices?
Companies like Reliance Jio and Bharti Airtel are investing on a large scale to strengthen the 5G network across the country. A lot is being spent on this, so companies are considering increasing the prices of recharge plans to compensate for it.
Companies are also focused on increasing ARPU
Telecom companies want to increase their ARPU (Average Revenue Per User). If understood in simple language, ARPU means how much the company is earning on average from one active customer. If earnings per customer increases, the total revenue of companies also increases. For this reason, companies can increase the prices of the plans.
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Less competition – prices will increase
Currently, Reliance Jio and Bharti Airtel have the biggest hold in the Indian telecom market. Due to less competition in the market than before, it has become easier for companies to make plans expensive. According to the report, about 70 lakh new customers can be added to Reliance Jio every quarter, while Indian Airtel is expected to add about 50 lakh new customers.
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