The analysts also said Reliance Jio’s plans are expected to be cheaper as compared to its rivals even after 40 per cent hike in mobile call and internet charges announced by the company. This is the first hike over the past five years in the country’s telecom sector that is facing tariff war with voice calls becoming almost free in 2016 and steep 95 per cent fall in data prices to Rs 11.78 per GB at present from Rs 269 per GB in 2014. Kotak Institutional Equities said the hike in mobile rates is likely to enhance Bharti Airtel’s earnings before interest, taxes, depreciation and amortisation in the range of Rs 8,000-9,500 crore and VIL about Rs 7,000-8,500 crore. According to government data, the liabilities in the case of Bharti Airtel add up to nearly Rs 35,586 crore, of which Rs 21,682 crore is licence fee and another Rs 13,904.01 crore is the SUC dues (excluding the dues of Telenor and Tata Teleservices).
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Dec 09, 2019