MOBILE DATA, CALLS TO COST MORE! VODAFONE IDEA AND AIRTEL TO HIKE RATES FROM DECEMBER 1

Vodafone Idea has announced that they are planning to increase tariff rates from December 1. Moments later, Bharti Airtel followed put and announced that they are also going to hike the price.

This is the first price hike in more than 3 years that could give revenue to the telecom companies in loss. But it could also cause some to port network.

In seperate statements, the telecom giants told that due to financial stress and the need to invest in networks are the reason for the move. They didn't declare the quantum of the hikes.

We understand that TRAI is likely to initiate a consultation for bringing rationality in pricing in the Indian mobile sector, which has been operating at prices that have been eroding the viability of the sector,” read Airtel's statement.