Vodafone Idea tariff hike possible if followed by Bharti

Even Jio will need a tariff hike to reflect more growth and if all the three players are interested, Jio should not hesitate, says Rajiv Sharma, Head- Institutional Equity Research, SBICAP Securities.

Reports are suggesting that Vodafone-Idea is looking for a price hike. Earlier also, all telcos had gone ahead and said that prices should go higher but at the same time, the first step is not coming in. What do you make of this news?
Tariff hike has been regarded as the single largest catalyst for the whole space and Vodafone is in the process of raising Rs 25,000 crore and for them, the stretched balance sheet and the continuous loss in market share are the two big worries they are living with and trying to address and tariff hike will be a source of funds for them.