Vodafone Idea Hikes Tariff By 10-21% After Jio, Bharti Airtel
Vodafone Idea raised rates for prepaid and post-paid consumers by 10-21%.
Vodafone Idea Ltd. joined its peers Reliance Jio Infocomm Ltd. and Bharti Airtel Ltd. to raise rates for prepaid and post-paid consumers by 10-21%. The new plans will come into effect from July 4.
"Vi is the only operator offering a range of unmatched benefits to its pre-paid customer by Offering Night Free Data and Weekend Data Roll Over with its ‘Hero Unlimited’ plans and a unique ‘Choose Your Benefit’ option to its Post-Paid customers under its Vi Max Plans," the company said.
The base plan offering 2GB data, unlimited calling and 300 SMS with validity of 28 days will now cost Rs 199, compared with Rs 179 earlier. Meanwhile, the price of the base postpaid plan will cost Rs 451, up 12.5%.
"Staying true to its philosophy of supporting entry-level users and progressively linking higher prices to increased usage, changes in entry level plans are nominal," it said.
The tariff hike is in line with what the other two private players have taken even as Jio continues to offer the cheapest base plans for prepaid and postpaid.
Post Vodafone Idea Limited's hike in tariff rates, here is the comparison of new prepaid and postpaid plans of Jio, Airtel and VI.
The cash-strapped Aditya Birla Group company is planning significant investments over the next few quarters to further enhance the 4G service as well as launch of 5G services.
The telecom player raised Rs 18,000 crore through a follow-on public offer. Apart from GQG, other marquee investors like Fidelity Funds and Redwheel Funds subscribed to the offer through the anchor book. The Aditya Birla Group invested Rs 2,075 crore in this fundraise as well.
Shares of Vodafone Idea closed 3.35% higher on Friday, as compared with a loss of 0.14% in the benchmark Nifty 50.
