Reeling under the impact of the Supreme Court’s ruling on adjusted gross revenue (AGR), Vodafone Idea and Bharti Airtel on Monday announced that they will be increasing tariffs from December, although both telcos did not specify the quantum. Vodafone Idea Limited (VIL), India’s second largest telco by number of subscribers, has decided to increase the tariff from December 1, 2019, due to the acute financial stress in the telecom sector. “To ensure that its customers continue to enjoy world class digital experiences, Vodafone Idea will suitably increase the prices of its tariffs effective December 1, 2019,” Vodafone Idea said in a statement without elaborating on the quantum of increase. Vodafone Idea shares on the BSE gained 21.47% at ₹4.47 on Monday, as investors anticipate government relief for the sector. It is, therefore, extremely important that the industry remains viable to support the vision of Digital India,” the company said in a statement.

Source: The Hindu November 18, 2019 16:52 UTC