Tag: Indian telecom market

Vi increases prepaid and postpaid plan prices by up to 20% New tariffs effective from July 4, 2024 Entry-level prepaid plan now costs Rs 199, up from Rs 179 Postpaid plans see price increases with added benefits What could shake up the Indian telecom landscape is a price revision in its tariff structure, announced by Vodafone Idea. Prices of prepaid and postpaid plans will be increased beginning on July 4, 2024; some as high as 20% increase. This makes it similar moves to those of industry giants Jio and Airtel, which herald changing times in the competitive dynamics of India's mobile market. Vi plans have been made more expensive after Airtel and Jio did the same earlier Key Changes to Watch: There's a 10-21 percent price hike on the plans. Entry-level prepaid plans now start at Rs 199, up from Rs 179 Popular 28-day, 1.5GB/day plan jumps from Rs 299 to Rs 349 Annual plans see notable increases, with the 1.5GB/day option now at Rs 3499 Postpaid plans offer enhanced benefits to justify higher price points "In line with its commitment to provide its consumers with simple and comprehensive plans, Vi has curated an optimum range of feature-rich plans to meet the diverse needs of its consumers. Staying true to its philosophy of supporting entry-level users and progressively linking higher prices to increased usage, changes in entry-level plans are nominal," stated Vodafone Idea in a statement. Vi's strategy appears twofold: align with competitors' pricing while bolstering its financial position for future investments. With 5G rollout on the horizon, the company needs resources to upgrade its network infrastructure. Vi Still offers unlimited night data, and data rollover in its daily data plans. "This price revision is a necessary step to ensure Vi's long-term sustainability and our ability to deliver high-quality services," a company spokesperson stated. "We're committed to providing value to our customers, even as we adapt to market realities." For consumers, the changes mean digging a bit deeper into their pockets. However, Vi aims to sweeten the deal, particularly for postpaid customers. Higher-tier plans now include additional OTT subscriptions and perks like travel discounts. Vi's hike in price in the latest trend in the telecom industry of rising prices. How Industry Analysts View This Existing Price Validity (Days) Benefits (Unlimited Calling) New Price Rs 179 28 2GB total Rs 199 Rs 459 84 6GB total Rs 509 Rs 1799 365 24GB total Rs 1999 Rs 269 28 1GB/day Rs 299 Rs 299 28 1.5GB/day Rs 349 Rs 319 30 2GB/day Rs 379 Rs 479 56 1.5GB/day Rs 579 Rs 539 56 2GB/day Rs 649 Rs 719 84 1.5GB/day Rs 859 Rs 839 84 2GB/day Rs 979 Rs 2899 365 1.5GB/day Rs 3499 Rs 19 1 1GB total Rs 22 Rs 39 3 6GB total Rs 48 Industry analysts view this move as inevitable. "The era of rock-bottom prices in Indian telecom is ending," notes telecom expert Rajiv Sharma. "Operators need sustainable revenue streams to invest in next-generation technologies." Complete table for the Vi Plan hike As Vi implements these changes, all eyes will be on customer retention rates and market share shifts. The coming months will reveal whether this bold move pays off or pushes subscribers towards competitors. Post paid plan hike by Vi "Vi is the only operator offering a range of unmatched benefits to its pre-paid customers by Offering Night Free Data and Weekend Data Roll Over with its 'Hero Unlimited' plans and a unique 'Choose Your Benefit' option to its Post-Paid customers under its Vi Max Plans," said Vi. For now, Vi users should review their current plans and consider their options. With careful selection, it's still possible to find a balance between cost and features in this new pricing landscape. FAQs Why has Vi increased its plan prices? Vi has raised its prices to align with recent hikes by competitors Jio and Airtel. This increase will help the company sustain its operations, prepare for the upcoming 5G rollout, and invest in network improvements. How much has Vi increased its plan prices? Vi has increased its plan prices by up to 20% across various prepaid and postpaid offerings. The exact increase varies depending on the specific plan and its duration. When will the new Vi prices take effect? The new tariffs for Vi's prepaid and postpaid plans will come into effect on July 4, 2024. Customers will be charged the new rates for any plans purchased or renewed after this date. Are there any changes to the benefits offered in Vi's plans? While the prices have increased, the benefits for most plans remain largely the same. However, some postpaid plans now include additional OTT subscriptions and other perks to justify the higher costs. How do Vi's new prices compare to Jio and Airtel? Vi's revised prepaid plans are now priced similarly to Airtel's new rates and slightly higher than Jio's offerings. For postpaid plans, Vi has attempted to maintain competitiveness by including various add-on benefits with its higher-priced options. Also Read: Vodafone Idea launches ‘Vi Smartphone Program’ to offer recharge discount to its users: Vi smartphone program offers recharge discount of Rs 2,400: Here’s how it avail Also Read: KM Birla maintains that Vodafone-Idea will roll out 5G soon: Vodafone Idea Steady Fall & Rivals Race Ahead Report Also Read: Vi Partners with Truecaller to help stop customer service fraud: to Enhance Customer Communication and Trustworthiness

Tag: Indian telecom market

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