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Telecom operators hike mobile tariffs
Why is it in the news?
- Three of the country's largest telecom operators — Vodafone Idea, Bharti Airtel and Jio- announced a hike in their tariffs.
- It is an attempt to tide over the crisis in telecom sector.
More in the news
- This news comes just weeks after Bharti Airtel and Vodafone posted historic losses on account of provisioning for the adjusted gross revenue (AGR) pending dues and spectrum charges.
- New plans under which call and data charges will be dearer for its pre-paid customers by up to 42 percent from 3 December.
- The telecom sector is going through a tuff times on the back of reduced tarrifs and increasing competition.
- The entry of Reliance Jio was another shock to other telecom players.
Source
The Hindu.