SingTel associate Bharti Airtel raises tariffs by 10-21%
SingTel associate Bharti Airtel raises tariffes by 10-21% on July 3 after bruising battle with Jio
On June 28, Bharti Airtel announced that it is raising tariffs by 10-21% for all its prepaid and postpaid users on July 3. The move is an attempt to shore up average revenue per user (ARPU). This comes a day after Relaince Jio raised rates by 12-15%.
Bharti Airtel has maintained that its mobile ARPU needs to be at around INR300 for a "healthy business model" in India, and to be able to invest in network technology and spectrum. The Indian telcos last raised tariffs in 2021.
Singapore Telecommunication Z74
s owns around 29% of Bharti Airtel. The Singapore listed telco's share price has been rising since mid-April and is up 12.2% this year.
See Also:
Click here to stay updated with the Latest Business & Investment News in Singapore
Alibaba trims SingPost stake via married deal at 46 cents each
Get in-depth insights from our expert contributors, and dive into financial and economic trends