Bharti Airtel announces a price hike following Jio, effective July 3.

Reliance industries have been in the news for the past 3 days, and specifically, telecom shares have been the performers, rising as much as 5% in the past 3 days. In a circular filed with the exchange, Reliance announced that Jio will hike tariffs ranging from 12% to 25% on its prepaid and postpaid plans, starting from July 3. The decision to hike rate is expected to boost average revenue per user (ARPU), which had stagnated around Rs. 180 for three quarters until March 2024. Following Jio rate hike, Bharti Airtel also announced a price hike across all its prepaid and postpaid plans and in no time we might see Vodafone Idea falling in line.