Tariff hikes, moratorium on government dues to help telcos invest more aggressively in 5G tech: Report
The Hindu
Airtel and Vodafone Idea have announced up to 25% hike in their prepaid plan tariffs to improve financials, while Reliance Jio has announced up to 21% hike in mobile services tariffs from December 1.
The announced tariff hikes by the telcos could boost their operating profits by at least 40% and coupled with the moratorium on government dues, will help them invest more aggressively into 5G technology, says a report.
Tariff hikes to lift the EBITDA, or earnings before interest, taxes, depreciation, and amortisation, of telcos by 40% and along with the moratorium on government dues, this will support 5G investments and credit profiles, Crisil said in a note on Tuesday.
and have announced up to 25% hike in their prepaid plans tariffs to improve financials, While Reliance Jio has announced up to 21% hike in mobile services tariffs from December 1.
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