3G Mobile Hike in Internet Rate by Big Telecoms Companies like Airtel, Vodafone, Idea
Telecom operators have raised mobile internet rates up to 100 percent in June-September period across country. Airtel is latest to increase mobile rates by up to 33 percent while Vodafone and Idea have started gradually implementing the increased mobile internet rates from June. The three companies jointly hold around 57 percent mobile services market share.
While no comments were received from Airtel and Idea Cellular , Vodafone India spokesperson said "Around 2 months ago, we changed the base tariff of 2G for 1GB pack from Rs 155 to Rs 175. This has been carried out in a phased manner across circles."
The change is noticed on their website after the new rates are implemented. They generally inform their post paid customer through SMS about change in rates of services before their next billing cycle starts.
Pre-paid customers, which constitutes over 90 per cent of market, get to know about rate revision when they go to recharge their mobile phone or through website of companies. Telecom operators are required to report change in tariff to telecom regulator TRAI. Vodafone and Idea Cellular increased rack rate, charged without any offer or scheme, by up to 100 per cent from 2 paise per 10 kb of data usage to 4 paise per 10 kb.
Airtel is latest to increase mobile rates by up to 33 percent while Vodafone and Idea have started gradually implementing the increased mobile internet rates from June.
This means on Vodafone and Idea network 1 GB of 2G or 3G mobile internet will cost over Rs 4,000 (from Rs 2,000) which these companies under scheme are selling for around Rs 175. Airtel started increasing mobile internet rates around first week of September. The company is now at par with Vodafone and Idea in terms of rack rate which is 4 paise per 10 kb. However, the increase is only of 33 percent because the company was already charging 3 paise per 10 kb earlier.
The 2G data pack rate of Airtel is highest among the three at 10 paise per 10 kb which means cost of 1GB mobile internet usage without any scheme or offer for a subscriber is over Rs 10,000 which company is now selling for Rs 176. Bharti Airtel stock price On October 01, 2014, Bharti Airtel closed at Rs 403.15, down Rs 1.1, or 0.27 percent.
The 52-week high of the share was Rs 419.90 and the 52-week low was Rs 282.10. The company's trailing 12-month (TTM) EPS was at Rs 19.52 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 20.65. The latest book value of the company is Rs 166.93 per share. At current value, the price-to-book value of the company is 2.42.
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