India's telecom industry is heading towards a new revolution. All telecom companies say that they are in huge loss. Just a few days ago, the Supreme Court asked Vodafone -Idea to pay Rs 44,200 crore as adjusted gross revenue (AGR) within 90 days. After this order of the Supreme Court, Vodafone- Idea has announced to increase the tariff plan from December 1.
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After Vodafone- Idea, Airtel has now announced an increase in tariff. Airtel has said in a statement that its tariff plans will be expensive from December 1 onwards. Airtel said in a statement, "We understand that TRAI will consult and set new prices to bring reasonableness in pricing in the Indian mobile sector."
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The three major telecom companies of the country, Vodafone, Idea and Bharti Airtel are facing economic crisis. Companies have been facing problems ever since the Supreme Court order on recently adjusted gross revenue (AGR). Due to this, the companies suffered the biggest quarterly loss in corporate history in the second quarter yet. The companies lost a total of Rs 74,000 crore.
Vodafone will give competition to its competitors with plans of Rs 9 and Rs 21