2024 for Indian Telecom Sector: What to Expect

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2024 will be the year when we might finally see 5G being monetised in a more meaningful manner by the telcos. However, there’s more that would shock the customers. We are talking about the tariff hikes. Further, there’s space communications to look forward to. Today, we will talk about what we can expect from the Indian telecom sector in 2024.

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Will 5G Tariffs Come?

5G is witnessing a fast uptake from Indian consumers. In 2024, more users will upgrade to 5G phones, thanks to OEMs (original equipment manufacturers) bringing in more affordable devices. With a quick 5G rollout, 5G subscribers could easily cross the 250 million mark in 2024.

This will be a sizeable market for the telcos to monetise. But will they do it is the main question! Airtel’s CEO has hinted that they are not yet looking to monetise 5G. But will 5G be offered at higher priced plans compared to now? Well, no one knows for sure, including the analysts.

Read More – Top Highlights of 2023 for Indian Telecom Sector

Will Telcos Hike Tariffs?

It can be said with absolute certainty that telcos will hike tariffs in 2024. It is the general elections that have likely delayed the tariff hikes. Once they are concluded, the tariff hikes will definitely kick in. Airtel has shared its intent of not shying away from hiking the prices. The telco will definitely be followed by its competitors.

While the postpaid mobile plans should remain unchanged, the higher-end prepaid plans which have not been touched for the last two years should see a 10-15% hike. It will help the telcos in improving their ARPU (average revenue per user).