Tariff revision: Experts expect Reliance Jio to gain most from hikes

NEW DELHI: Reliance Jio stands to gain the most in the latest round of price hikes by service providers and its plans indicate that the company is moving away from deep discounting, which bodes well for the sector, according to analysts.

The Mukesh Ambani-owned telco on Wednesday unveiled revised tariffs, which were as much as 40% costlier. The analysts expect that it would push up its earnings before interest, tax, depreciation and amortisation (EBITDA) by 33% or $1.5 billion for FY 2020-21, propelled by a 28-29% increase in the average revenue per user (ARPU) to Rs 157.