Telcos may hike tariff in next few months: Crisil

NEW DELHI: Telecom operators in India may resort to another round of tariff hike in the second half of the current fiscal, according to a report by Crisil’s research wing. The report also said that, all three private telcos – Reliance Jio, Bharti Airtel and Vodafone Idea will close their FY23 with revenue growth of 20-25%.

“Since players are expected to spend incrementally on the network and regulatory Capex in fiscal 2023, ARPU growth and tariff hikes could ease some pressure on their books. As a result, the revenue of the top three players is expected to grow a robust 20-25% this fiscal. Earnings before interest, tax, depreciation, and amortisation) is seen expanding 180-220 bps for the year,” reads the report.