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Your cell phone bill will become more expensive starting in July! Companies are going to increase tariffs

Sagar Patel

By Sagar Patel

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5g spectrum

With the spectrum auction over, telcos are preparing to increase rates. According to experts, rates may increase between 15 and 20% starting in July, which will make mobile use more expensive. Telecommunications companies can also increase general rates

Possible increase in the first week of July

We tell you that this increase can be seen in both prepaid and postpaid. The companies spent Rs 11.34 billion in the auction. Now you will begin to recover that expense. The main rate was last increased in December 2021. Since then, companies have only increased their basic packages. It is said that Bharti Airtel may be the first to announce the increase.

The impact can be visible in the company’s actions.

Gaurav Malhotra, CEO of Axis Capital, says the impact of rising tariffs on telcos can be seen in their stocks. According to him, Bharti Airtel stock may reach the target of Rs 1,534 in the coming time. A similar situation will also be seen in Reliance stock. He will also soon be seen touching the target price of Rs 3,512.

The government won this with the spectrum auction

The government had kept the reserve price for the spectrum auction at Rs 96,238 crore, but at the end of the second day’s auction, the government received bids worth only Rs 11,340.78 crore. The three telcos have acquired only 141.4 MHz spectrum. The mobile spectrum auction began on Tuesday. The next day, Wednesday, when the auction began at 10 in the morning, it ended just a few hours later. In this two-day auction process, Bharti Airtel remained at the forefront in purchasing spectrum. It purchased spectrum worth a total of Rs 6,856.76 crore.

While the country’s largest telecom company, Reliance Jio, bid for spectrum worth Rs 973.62 crore. While Vodafone Idea has bid for spectrum worth approximately Rs 3,510.4 crore. In all, a total of Rs 11,340.78 crore has reached the government fund from this spectrum auction. The government expected to get Rs 96,238 crore from the spectrum auction, but it got only 12 per cent.

Sagar Patel

Sagar Patel

I am Sagar Patel, specializing in business news reporting. With a keen focus on economic trends, market analysis, and corporate developments,

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