Under financial stress, Voda-idea to ‘suitably raise tariff’ from Dec 1

Debt-ridden telecom operator Vodafone Idea on Monday said it will raise mobile services rates from December 1 in the wake of ongoing financial stress.

“To ensure that its customers continue to enjoy world class digital experiences, Vodafone Idea will suitably increase the prices of its tariffs effective December 1, 2019,” Vodafone Idea said in a statement.

The company, however, did not disclose the range or details of the proposed tariff hike.

Vodafone Idea last week reported consolidated loss of Rs 50,921 crore – highest ever loss posted by any Indian corporate – for the second quarter ended September 30, on account of liability arising out of the Supreme Court order in the adjusted gross revenue case.