Private telcos to hike tariffs in H2; FY23 revenues to jump by 25%: Report

The country’s top three private telecom operators will resort to another round of tariff hike in the second half of the current fiscal and will close FY23 with a revenue growth of 20-25 per cent, a report said on Tuesday.

A growth in average revenue per user is essential for the industry to invest in the network and spectrum, and if they do not do so, it can result in poor service offerings, domestic rating agency Crisil’s research wing said in a report.

After years of intense competition following the entry of the deep-pocketed Reliance Jio, the industry had started hiking tariffs from December 2019.