Major telecom operators like Airtel and Jio are expected to raise tariff rates post 2024 Lok Sabha elections according to Antique Stock Broking. Analysts predict a 15 to 17 percent price hike in the telecom industry. Bharti Airtel could benefit the most with ARPU rising to ₹286 by FY 27.
Reliance Jio emerged as the sole telco to gain active mobile users in August 2023, while Bharti Airtel and Vodafone Idea (Vi) experienced declines, as per telecom regulator data. Analysts noted Jio s success in attracting older rivals 2G users through the popular Jio Bharat feature phone amidst rising demand. Jio expanded its active user base to 417 million with an addition of 1.2 million users, while Airtel and Vi dwindled to 376 million and 199 million, respectively, shedding 0.4 million and 2.9 million active users each.
Jio New Plan: Telecom giant Jio has announced its Happy New Year 2023 offers for all of its users. In this new plan the telecom giant will offer internet data, unlimited calling and Jio app benefits.