Shares of Bharti Airtel on Monday gained practically 6 per cent after the corporate introduced a 20-25 per cent tariff hike for numerous pay as you go choices.
The inventory jumped 5.85 per cent to its 52-week excessive of Rs 756 on the BSE.
At the NSE, it gained 5.82 per cent to its 52-week excessive of Rs 755.95.
Telecom operator Bharti Airtel on Monday introduced a 20-25 per cent tariff hike for numerous pay as you go choices, together with tariffed voice plans, limitless voice bundles, and knowledge top-ups.
The entry-level tariffed voice plan has been hiked by about 25 per cent, whereas for limitless voice bundles the rise usually is about 20 per cent.
The firm mentioned it has at all times maintained that the cellular Average Revenue Per User (ARPU) must be at Rs 200 and in the end at Rs 300 to supply an inexpensive return on capital that enables for a financially wholesome enterprise mannequin.
“We also believe that this level of ARPU will enable the substantial investments required in networks and spectrum. Even more important, this will give Airtel the elbow room to roll out 5G in India,” Airtel mentioned in a press release.
