Bharti Airtel hikes tariffs to boost balance sheet

The operator, helmed by billionaire Sunil Bharti Mittal, has priced its cheapest, entry-level mobile plan at 99 rupees (US$1.3 or RM5.57), up from 79 rupees (RM4.44) earlier or 25% higher, according to a statement yesterday

NEW DELHI: Bharti Airtel Ltd, India’s second-largest wireless carrier, will increase prices of its mobile plans by at least 20% later this week, signalling that the cut-throat price war in the sector may be phasing out.

The operator, helmed by billionaire Sunil Bharti Mittal, has priced its cheapest, entry-level mobile plan at 99 rupees (US$1.3 or RM5.57), up from 79 rupees (RM4.44) earlier or 25% higher, according to a statement yesterday.