#Governmentjob #RelianceJioPlan Now, Reliance Jio too decides to hike phone tariffs
Move signals an end to three-year-long price war that upended the sector
The news of the tariff hike catapulted Bharti Airtel to the top of the gainers in the Sensex on Tuesday
Reliance Jio Infocomm Ltd, India’s only profitable telecom company, unexpectedly said it will join rivals Bharti Airtel Ltd and Vodafone Idea Ltd in raising tariffs, indicating that a three-year-long price war that unleashed an unprecedented consolidation in the industry is nearing an end.
The Mukesh Ambani-controlled Reliance Jio will “take measures including appropriate increase in tariffs in the next few weeks in a manner that does not adversely impact data consumption or growth in digital adoption and sustains investments," the company said on Tuesday.
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