Unbearable losses, Indian telecom operators collectively raise mobile charges, which may be good for Chinese enterprises
Views : Update time : 2019-11-19
India TV business desks November 18:
Airtel said on Monday that it would raise mobile service rates from December. Bharti Airtel said in a statement on Monday that the telecommunications industry is a highly capital intensive industry. The technology cycle changes with each passing day and requires continuous investment. Therefore, it is very important for the industry to maintain its viability to support the vision of digital India.
It said in a statement: "therefore, Airtel will appropriately raise the price one month from December."
Bharti Airtel, hit hard by the Supreme Court's ruling on statutory membership fees, announced last week its highest loss of rs. 23045 million in the three months to the end of September.
The company also said it understood that the telecommunications regulator trai might initiate consultations to rationalize the pricing of the Indian mobile sector, which has been eroding its viability.
Earlier Monday, Vodafone idea announced that it would raise mobile service rates from December 1 due to continued financial pressure. In a statement today, the company said: "in order to ensure that its customers continue to enjoy the world-class digital experience, Vodafone idea will appropriately raise the tariff price with effect from December 1." However, the heavily indebted Vodafone idea did not disclose the proposed tariff increase or details. On Monday, Vodafone shares rose nearly 18% as the government redirected investors' interest in re holding Telecom stocks.
It said in a statement: "therefore, Airtel will appropriately raise the price one month from December."
Bharti Airtel, hit hard by the Supreme Court's ruling on statutory membership fees, announced last week its highest loss of rs. 23045 million in the three months to the end of September.
The company also said it understood that the telecommunications regulator trai might initiate consultations to rationalize the pricing of the Indian mobile sector, which has been eroding its viability.
Earlier Monday, Vodafone idea announced that it would raise mobile service rates from December 1 due to continued financial pressure. In a statement today, the company said: "in order to ensure that its customers continue to enjoy the world-class digital experience, Vodafone idea will appropriately raise the tariff price with effect from December 1." However, the heavily indebted Vodafone idea did not disclose the proposed tariff increase or details. On Monday, Vodafone shares rose nearly 18% as the government redirected investors' interest in re holding Telecom stocks.
Wisepower view:
There is fierce competition among Indian telecom operators. Since the rapid entry of jio, the largest operator in India, and the competition among operators has accelerated, it is unpredictable whether jio will also join in the price increase.
As we all know, Indian operators purchase a large number of goods from Chinese enterprises. It remains to be seen whether the price increase can reduce the price killing pressure of manufacturers.
The article is extracted from Indian news media and translated by "WISEPOWER". If you need to reprint it, please indicate the source.
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