Telecom tariffs to rise in the 2nd half of financial year 2019-20 - says Edelweiss.

Prices of telecom services in India are likely to rise in the second half of the current financial year (2019-20), an Edelweiss report said today. The report says that  the price hike is likely to take place due to the fact that, the penetration in mobile broadband services has increased significantly and is nearing a saturation point. This is a good news for BSNL. It may be recollected that due to the implementation of predatory pricing by Reliance Jio, BSNL's revenue collections fell drastically, and the Company went deeper into financial crisis. If tariffs increase, BSNL's financial condition will also improve.

[ Source : ET Telecom dt. 16-04-2019 ]