By the second half of2024, Airtel and Jio will discontinue their unlimited 5G services and increase rates by 10%

By the second half of2024, Airtel and Jio will discontinue their unlimited 5G services and increase rates by 10%

By the second half of2024, Airtel and Jio will discontinue their unlimited 5G services and increase rates by 10%

In order to increase income, Bharti Airtel and Reliance Jio may reduce the amount of data that is available on their unlimited 5G plans in the second half of 2024 and increase the price by at least 5–10% above the current 4G pricing.

The two biggest telecom companies in India, Bharti Airtel and Reliance Jio, may reduce their unlimited 5G data plans in the second half of 2024 by at least 5–10% from the present ones, dealing a serious blow to 5G consumers in the nation. may impose a higher fee. According to experts cited in an Economic Times study, 4G rates will accelerate revenue growth and monetization.

Notably, in October 2022, Reliance Jio and Bharti Airtel introduced 5G services to the nation. Since then, they have been providing limitless 5G services at the current 4G pricing. But, it seems that the days of limitless 5G plans are coming to an end. Both businesses want to provide 5G services throughout the nation and will increase their emphasis on revenue as adoption rises.

With more than 125 million 5G subscribers between them, both firms have also been at the forefront of the 5G boom in India. In addition, by the end of 2024, there should be more than 200 million 5G customers in the nation.

What happens when the 5G deal that is limitless expires?

According to a note from Jefferies cited in the ET story, Airtel and Jio may boost their 5G tariffs by 5–10% (in comparison to current 4G prices) by 30% to boost adoption and gain market dominance. -able to provide 40% more info.

In order to boost RoCE (return on capital employed), the research also said that mobile charges may rise by at least 20% in the September quarter of 2024.

According to the ET story, which cited statistics from the International Telecommunication Union, cellular service costs in India are still among the lowest in the world at $2 per month, meaning there is still potential for telecom providers to boost their rates. Furthermore, Jio, Vi, and Airtel last raised their rates by 19–25% in November 2021—more than two years ago.

According to reports, Jio, Vodafone Idea, and Airtel would raise rates first, leading to a rise in income for the Indian mobile industry in 2024. India's income from the mobile industry is predicted to increase from an estimated ₹, based on CLSA forecasts that ET quoted. rise to ₹2,77,300 crore in FY25 and ₹3,07,800 crore in FY26, from ₹2,46,800 crore in FY24.