Axis Capital: Mobile recharge rates likely to climb 10-12% within 3-6 months
According to Gaurav Malhotra, Executive Director at Axis Capital, telecom companies in India are expected to hike tariffs by 10-12% over the coming 3 to 6 months. He noted that this timeline has been delayed slightly, as the impact of Airtel discontinuing its ₹299 plan will take more than a quarter to show in their earnings. Airtel has already swapped the ₹299 plan for a ₹349 option, marking a price jump of approximately 16%.
by shortkt.com✓