As the current structure of the telecom sector is not profitable, rates for all services, including phone calls and internet bills, could be doubled in the next one and a half years. EY has predicted. EY leader (Emerging Markets Technology, Media and Entertainment, and Telecom) Prashant Singh said an immediate increase in rates does not seem appropriate right now.
It could happen in two rounds in the next 12 to 18 months and the first increase could happen in the next six months. He said, “An increase in rates is inevitable. Telecom costs for consumers are moderately low and rates could be raised in the next six months. I’m not saying it will happen, but the sooner the better. “
“Companies also have to think about the economic situation and the economy, but to ensure the market continues, rates could be doubled in 12 to 18 months and the first in the next six months,” he said.
Singh said it remains to be seen whether it is through regulatory intervention or the telecom industry itself, but it is clear that the financial position of telecom companies is making tariff hikes inevitable. Telecom companies have hiked calls, internet, and other services in December last year.