Attention Airtel customers; The company will increase the rate this year

Bharti Airtel Chairman Sunil Bharti Mittal said Airtel is looking to increase mobile phone call and data rates across all plans this year. The company had last month hiked the entry-level rate of the 28-day minimum recharge service plan by around 57 per cent to Rs 155 in eight circles. Although the company’s balance sheet is healthy, there is a need for a tariff hike. He said that the return on capital in the telecom business is very low and a tariff hike can be expected this year. Mittal said this during the Mobile World Congress (MWC) held on Monday. He also mentioned that the company is talking about a small increase in Indian tariff situation.

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“Salary has gone up, rent has gone up, except one, no one is complaining. People are using 30GB data without paying anything. We don’t have any more Vodafone Idea type situations in the country. The country needs a strong telecom company. India’s dream is Digital India. Economic growth is fully realised. The government is fully aware and the regulator said. The company feels aware and people are very aware.” Mittal said.

Mittal disagreed with the notion that the tariff hike would affect the common man. Last week, Bharti Airtel launched higher minimum recharge plans in two more circles. In Maharashtra and Kerala. Airtel has introduced a new entry-level plan for Rs 155 with unlimited voice calls, 1GB data and 300 SMS.

This takes the total entry level tariff hike to 19 out of 22 circles. Kolkata, Gujarat and Madhya Pradesh are the three circles where the telecom operator has to increase the price. The company has discontinued the Rs 99 minimum recharge plan that offered 200 MB data and calls at 2.5 paise per second.

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Bharti Airtel’s India Mobile Average Revenue (ARPU) rose to Rs 193 in the December quarter from Rs 163 in December 2021 due to last year’s price hike. Mittal has often emphasized Bharti Airtel’s plans to achieve a long-term ARPU of Rs 300 through price hikes for sustainable operations. Speaking at the Mobile World Congress, Mittal said Bharti Airtel has a healthy balance sheet and does not need to raise more capital. Shares of Bharti Airtel have risen close to 8 percent this year.

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