Bad news for Jio, Airtel, and Vi users!??
In fact, the 5g spectrum auction is over in india, in which jio bought 24,740 MHz spectrum for Rs 88,078 crore, airtel acquired 19867.8 MHz spectrum for Rs 43,084 crore and vodafone idea (Vi) bought mid-band 5g spectrum. Acquired 26 GHz spectrum in 3300 MHz and mmWave 5G.
The Department of Telecom (DoT) is not charging spectrum usage charges (SUC) from telecom companies. The department has also abolished the floor rate of three percent. Because of these changes, researchers at Nomura Research believe that the three telcos are expected to hike tariffs by a modest four percent.
ICICI Securities believes that telcos may hike tariffs by up to 15 percent to offset their recent spending. Telecom Talk has given this information in its report. ET Telecom reported that DoT expects telcos to deposit around Rs 13500 crore in the next 10 days as the first installment, which includes jio around Rs 7838 crore, airtel around Rs 3834 crore, Vi around Rs 1673 crore, and adani data network approx. 212 crores will pay.
It is worth noting that this is not the first time we are hearing about telcos raising their tariffs in India. The first round of tariff hikes took place in November-December last year, with telcos pointing to the second round of tariff hikes to be held sometime this year.
Vodafone idea CEO Ravinder Takkar while announcing the quarterly revenue for the third quarter of FY 2022 said, "It is possible that there may be another price hike in 2022. Certainly, at some point, there will be a price hike." " Gopal Vittal, MD, and CEO of Bharti airtel had similar views for india and South Asia. "I expect a tariff hike in 2022," he said earlier this year.