The three largest private sector telecoms in the country may increase the tariff plan again from the second quarter of the current fiscal year. This information was contained in a report released on Tuesday. It has also been said that in the 2022-23 fiscal year, the income of these companies can increase by 20-25 percent.
Domestic rating agency Crisel Report
A report from the research arm of local rating agency Crisil said increasing ARPU is essential for the industry to invest in network and spectrum. If they do not, the quality of service may deteriorate. The industry started increasing tariffs from December 2019 onwards, after the intense competition that started with the advent of Reliance Jio.
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There may be an increase of up to 15-20 percent
According to the report, “Revenues for the top three companies are expected to grow robustly by 20-25 percent during the current fiscal year.” The report also stated that average revenue per user (ARPU) in 2021-22 after a slow 5 percent growth, is now expected to rise to 15-20 percent in 2022-23.