Bharati Airtel hikes prepaid tariff by 25 percent
New Delhi: Telecom giant Bharati Airtel has increased prepaid tariff rates by up to 25% with effect from November 26.
In a statement, Bharati Airtel said that “Bharti Airtel has always maintained that the mobile Average Revenue Per User (ARPU) needs to be at ₹ 200 and ultimately at ₹ 300 and the decision was taken to provide a reasonable return on capital for a financially healthy business model”.
From November 26th onwards, the current plan, Rs. 79 will cost Rs.99, Rs. 149 plan will be increased to Rs. 179, Rs. 1498 plan will cost Rs. 1799 and Rs. 2498 plan will cost Rs. 2999.
Airtel has also increased its data top-up plan by 25 percent. Rs. 48 plan will cost Rs. Rs. 98 top-up plan will cost Rs. 118 and Rs. 251 plan will cost Rs. 301 respectively.
"We also believe that this level of ARPU will enable the substantial investments required in networks and spectrum. Even more important, this will give Airtel the elbow room to roll out 5G in India. Therefore, as a first step, we are taking the lead in rebalancing our tariffs during the month of November. Accordingly, our new tariffs will come into effect from November 26, 2021," Airtel stated.
The telecom operator's shares touched a 52-week high of ₹ 756, surging over 5 per cent in the early trade, after the tariff hike announcement.
