INSUBCONTINENT EXCLUSIVE:
Airtel shares touched a 52-week high of Rs 756, surging over 5 per cent.New Delhi: Telecom major Bharti Airtel on Monday announced that it
will raise prepaid tariff rates by up to 25 per cent with effect from November 26
healthy business model.""Bharti Airtel has always maintained that the mobile Average Revenue Per User (ARPU) needs to be at Rs 200 and
ultimately at Rs 300," Airtel stated."We also believe that this level of ARPU will enable the substantial investments required in networks
Even more important, this will give Airtel the elbow room to roll out 5G in India
Therefore, as a first step, we are taking the lead in rebalancing our tariffs during the month of November
Accordingly our new tariffs will come into effect from November 26, 2021," it added.The current Rs 79 plan will cost Rs 99 from Friday, a
The Rs 149 plan will cost Rs 179, the Rs 1,498 plan will become Rs 1,799 and the Rs 2,498 plan will cost Rs 2,999.Airtel further mentioned
that data top ups will now cost Rs 58 (up from Rs 48), Rs 118 (Rs 98) and Rs 301 (Rs 251), respectively.The telecom operator's shares
touched a 52-week high of Rs 756, surging over 5 per cent in the early trade, after the tariff hike announcement.
