RCom to raise mobile call tariff by up to 20 pc

Reliance Communications Ltd, India's fourth-biggest mobile phone carrier, will hike voice prices starting April

RELATED ARTICLES

25, the company said in a statement, to counter an increase in input costs and higher spectrum payments.

Reliance will increase tariffs on discounted and promotional plans for its pre-paid customers by up to 20 percent and raise headline call tariffs to 1.6 paise every second from 1.5 paise, it said in a statement on Tuesday.

Reliance and its main rivals, including Bharti Airtel Ltd, India's top phone carrier, and the local unit of Vodafone Group Plc, last year raised voice prices for the first time in three years as they continued to cut discounts previously offered to lure customers in a highly-competitive market.

Carriers have seen the benefits of reduced competition after several smaller rivals were forced by a court order to either shut down or scale back operations.

"We continue to focus on growing profitable/paid minutes on our network and the current tariff hikes are part of our continued efforts to reduce free and discounted minutes, and offset the ever-rising costs of input materials," the company's chief executive officer, Gurdeep Singh, said in the statement.

Indian carriers receive more than 80 percent of their revenue from voice call services.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Banks must learn from past mistakes to promote financial inclusion

    Prime minister Narendra Modi launched a massive financial inclusion programme yesterday titled “pradhan mantri jan dhan yojana’ (PMJDY), that will

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Tushar Gandhi

Could prohibition mean profiteering?

In the mid 1930s, an American journalist asked Bapu if ...

Zehra Naqvi

The five universal languages of love

Love is a universal language. Don’t we all believe that? ...

Dharmendra Khandal

Time to protect our endangered wildlife species

After 65 million years of existence, the earth’s biodiversity is ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture