Telecom Tariff Hike of 20% Expected in 2024 Big Blow: What You Need to Know

Telecom Tariff Hike of 20%:

A big financial company called Bank of America Securities thinks that in the year 2024, after the general elections in India, the companies that provide mobile and internet services might raise their prices by around 20%. That’s a significant increase!

Why Might Prices Go Up?

The last time prices went up like this was back in December 2021, so it’s been a while. The companies that provide these services say they need to increase prices to make more money and keep their businesses healthy. This could especially help a company called Vodafone Idea, which has been struggling.

Who Might Benefit?

Among the companies that provide mobile and internet services, one called Bharti Airtel might benefit the most. This is because it has a lot of customers who pay more for their services.

What About the Share Prices?

When news of the possible price increase came out, the share prices of Bharti Airtel went up. This means that investors think the company will make more money if prices go up.

Other Ways Companies Can Make Money:

Besides raising prices, these companies can also make money by listing their shares on the stock market or by selling parts of their business to other companies.

What to Expect in 2023:

In the year before the expected price increase, the companies are expected to do okay financially. They might not make much more money, but they shouldn’t lose money either.

What’s Average Revenue Per User (ARPU)?

This is a fancy term that means how much money the companies make from each customer on average. This is expected to go up for all companies, which means they’ll make more money from each of us who use their services.

To know more about –ARPU

What Does the Future Look Like?

Experts think that over the next few years, the companies will need to make even more money to keep growing. They might need to increase prices even more in the future.

Conclusion:

So, if you’re someone who uses mobile or internet services, you might want to keep an eye on your bills. Prices could go up, and it’s good to be prepared for that possibility. Always keep an eye on the news to stay informed about changes that could affect your wallet!

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