India : Bharti Airtel cuts mobile data prices as new rival Jio looms
Mon Aug 29 2016
Rajesh Sharma (2002 articles)

India : Bharti Airtel cuts mobile data prices as new rival Jio looms

MUMBAI : Bharti Airtel Ltd, India’s top mobile phone carrier, cut prices of its mobile data services on a special plan on Monday, accelerating discounts in the highly competitive market as the entry of a new rival looms.

Reliance Jio, a unit of Reliance Industries and controlled by India’s richest man Mukesh Ambani, is expected to launch commercial fourth-generation telecommunication services in the coming weeks.

Jio, expected to price its services aggressively, is giving away free voice calls and 4G data benefits for three months as it signs up subscribers for testing of its network.

Bharti Airtel, Vodafone India, and Idea Cellular – the nation’s top three cellular carriers – have already started cutting prices, which analysts say is aimed at retaining customers with the impending entry of Jio.

Bharti Airtel announced on Monday a new plan offering 1 GB of data at 99 rupees a month if a subscriber pays an initial amount of 1,498 rupees. Typically, 1 GB of 3G or 4G data costs as much as 300 rupees.

Last month, all the three operators slashed their prepaid data tariffs, by more than half under some plans. Pre-paid subscribers account for more than 95 percent of mobile telecom service subscribers.

Rajesh Sharma

Rajesh Sharma

Rajesh Sharma is Correspondent for Stock Market of South East Asia based in Mumbai. He has been covering Asian markets for more than 5 years.

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