Bharti Airtel has recently increased its entry level tariffs in three circles across India, namely Gujarat, Kolkata, Madhya Pradesh and Chhattisgarh. As a result, the 99 prepaid plan has been removed 155 plan as the only entry-level recharge option available across all 22 circles in India. This effectively represents an all-India tariff increase of approximately 56 per cent. The tariff hike was initially implemented in two circles in November 2022, and has since been implemented in all circles across the country in a span of just five months.
se 155 prepaid recharge plans Bharti Airtel Offers users unlimited voice calling benefits, 1GB data, and 300 SMS, all of which are valid for a period of 24 days. Along with these features, users can also enjoy additional benefits like Wynk Music and free Hellotunes.
Though seen as a positive step, the impact of this development on Bharti’s financial position is expected to be relatively minor. Morgan Stanley estimates that this growth will contribute around 1.3-1.5 per cent to the revenue of Bharti’s mobile business, assuming all other factors remain constant across the country. Morgan Stanley believes that the main drivers for the company’s share price will be the possibility of raising tariffs for 4G services (expected in 2024 in their base scenario) and gaining significant market share through faster implementation. 5g network,
Airtel has made significant strides in its 5G offerings, with its 5G Plus service now available to customers in over 265 cities across India. The company aims to expand this coverage to cover most of the country by March 2024.
According to Randeep Sekhon, Chief Technology Officer, Bharti AirtelThe company’s plans to roll out 5G services are progressing according to plan, and they expect to provide coverage to all towns and significant rural areas by March 2024.
catch ’em all corporate news And updates on Live Mint. download mint news app to receive daily market update & Live business News,