Telecom service providers Bharti Airtel and Vodafone Idea are likely to increase the prices of their services by up to 30 percent, sources told CNBC-TV18 on Friday.
The hikes will depend on circles, plans and services, said the sources, on the condition of anonymity, adding that while the increase in the prices will start from 8 to 10 percent, in some select cases, the rise could be between 25 to 30 percent.
According to the sources, the hikes could be staggered and implemented over a period of time.
The companies will make sure that the customers avail the best services at competitive rates, said the above-mentioned sources. Rural and Tier-II circles are likely to see smaller quantum of tariff hikes, they added.
When contacted by CNBC-TV18, Vodafone Idea said that the company has only stated that the prices will be revised from December 1 and that no indication was given regarding the details of the revision. It refused to comment on CNBC-TV18's queries with regards to the claims by the sources.
Bharti Airtel too declined to comment.
After reporting massive losses in the second quarter, Vodafone Idea and Bharti Airtel announced on November 19 that they have decided to increase call and data charges from December for the viability of operations.
Vodafone Idea currently provides monthly mobile services at a starting price of Rs 24 without data while the call services with data start at Rs 33. Airtel's monthly plan starts at Rs 24 onward, while schemes with data begin from Rs 35.
Vodafone Idea reported a consolidated net loss of Rs 50,921 crore for Q2FY20—highest ever loss reported by an Indian company. Bharti Airtel posted a quarterly loss of Rs 28,450 crore. The losses stemmed from provisions set aside by the two firms for unpaid government dues after the Supreme Court ruled in favour of the government in AGR case.