Small Increments Needed in Indian Telecom Tariff: Sunil Mittal

Speaking at the Mobile World Congress 2023, Barcelona, Sunil Mittal, Chairman of Bharti Airtel, said he is hopeful of tariff hikes in the telecom industry in the middle of this year (2023). Bharti Airtel has been gradually phasing out Rs 99 Plan across its circles, and now the Rs 155 plan is the entry-level plan across 19 telecom circles.

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The return on capital in this industry is very low. That needs to change. We are talking of small increments that need to come in the Indian tariff situation. I hope half (by mid) of this year,” Mittal said at the Mobile World Congress in Barcelona.

Also Read: Bharti Airtel Likely to Spend Rs 454 bn on 5G over FY23-25E: ICICI Securities

Airtel Prepaid Plan Rs 99

Airtel Rs 99 prepaid recharge used to offer customers with 200 MB data and calls at the rate of Rs 2.5 paise per second with 28 days validity.

Airtel Prepaid Plan Rs 155

Airtel Plan Rs 155 offers customers with Unlimited Local, STD and Roaming minutes, 1 GB of Data, and 300 SMS with a validity of 24 days. In addition, users also get to enjoy other benefits, such as Wynk Music and Free Hellotunes.

Sunil Mittal further said the tariff hikes are low compared to people’s spending on other items. He further added Indian Telecom Industry does not want to have more Vodafone Idea-type scenarios, as per a PTI Report.

“We need a robust telecom company in the country. The dream of India is digital, economic growth is fully realised. I think the government is fully conscious, the regulator is conscious, and people are also very conscious,” he said.

Also Read: Airtel Rs 155 Plan: What Are the Benefits Offered?

Bharti Airtel’s chairman also disagreed with the notion that tariff hikes are impacting the people at the bottom of the pyramid.