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Airtel users, ATTENTION! Minimum prepaid mobile recharge gets costly as Airtel hikes tariff by 57 percent
According to sources closely engaged with the development, the company has started the trial of the new plan and is likely to roll out the same across India based on the result. It is likely to end all 28-day calling plans with SMS and data priced below Rs 155.
Highlights
- Bharti Airtel has increased the price for a 28-day recharge plan.
- The rate increased by about 57 percent.
- The new minimum prepaid recharge plan is Rs 155.
New Delhi: Bharti Airtel has increased the price of its minimum recharge for a 28-day mobile phone service plan by about 57 percent to Rs 155 in Haryana and Odisha, according to the company's website and analysts. The company has stopped its minimum recharge plan of Rs 99, under which it offered 200 megabytes of data and calls at the rate of Rs 2.5 paise per second. In Haryana and Odisha, Airtel has now started offering the Rs 155-plan with unlimited calling, 1 GB of data, and 300 SMSes.
According to sources closely engaged with the development, the company has started the trial of the new plan and is likely to roll out the same across India based on the result. It is likely to end all 28-day calling plans with SMS and data priced below Rs 155. (Also Read: Earn up to Rs 3 lakhs per month by just investing Rs 25,000 in THIS business; Details inside)
This means that even for getting SMS service in the monthly plan, a customer will have to recharge his mobile phone account with a Rs 155 voucher. An email query sent to Bharti Airtel in this regard elicited no reply.
ICICI Securities said that Bharti Airtel has embarked on a market-testing tariff hike in Haryana and Odisha circles, and the move has just added huge upside risk to its estimates. (Also Read: Super Idea: Start your business with just Rs 2000 and earn up to Rs 4 lakh monthly; Check details)
"The earlier Rs 99 recharge had Rs 99 talk-time value and very limited data of 200 MB valid for 28 days. In contrast, the now-adopted Rs 155 minimum recharge gives unlimited voice, 1GB data allowance and 300 SMSes. This is a massive 57 percent surge in minimum recharge value and has been done in the customer segment where affordability matters the most," ICICI Securities report by research analysts Sanjesh Jain and Akash Kumar said.
Previously, the company did a similar exercise (market-testing) when it increased its minimum recharge offer from Rs 79 to Rs 99 in select circles in 2021, the report said. "Bharti has taken the industry's first step in implementing a tariff hike in the current market situation.
We expect it to now wait for a competitive reaction. If it does not find enough support, then Bharti may be required to restore the Rs 99 pack. It would then be difficult to imagine who would take the next step for a tariff hike -- and would Bharti support it? Or has Bharti 'made an offer its competitors cannot refuse?' In our view, yes it has," the report said.