Currently, Reliance Jio and Airtel, Vodafone have increased their prices which has led to costly calling. Amid the ongoing tariff war among India’s leading telcos, Reliance Jio’s plans could be cheaper by 15-20 per cent, according to an analyst firm. Jio, along with other companies had also announced a 40% increase in its prices. According to Jio the company will introduce all-in-one plan from December 6. The company claims that the plan will benefit consumers up to 300% compared to the previous plan.
In a note from the Bank of America Merrill Lynch, “Similar to incumbents, we think only select packs of Jio will have 40 percent increase but popular ones could have 25-30 percent. We think the incremental 300 percent benefit which Jio is talking about is by offering more data allowances. In our view that incrementally doesn’t entice users much beyond 1.5 GB.” According to Bank of America, the company is in the mood to give more data than 1.5 GB per day. Even with the increase in prices, it seems that Jio prices will be 15-20% lower than other companies.
Looking at the higher prices from Airtel and Vodafone, they are seeing a comparison. For Vodafone-Idea, the popular 1.5 GB/day, 84 day pack will cost 31 per cent more at Rs 599 versus Rs 458 (33 per cent hike for Bharti). The old Rs 199 plan has been revised to Rs 249. The plan offers Rs 1.5 GB data per day. A 41 per cent increase comes on the annual plan of Rs 1,699 which will now cost now Rs 2,399.