Your mobile bills could up in 2023 as telcos focus on profitability
The rating agency categorically said
The last time the Indian telecom operators raised tariffs was in late 2021.
"We have only one market on an improving outlook - India - compared with two (India and Malaysia) in 2022. Only one market - Sri Lanka - is on a deteriorating outlook. Consolidation is likely to continue in most markets as weaker participants face the choice whether to be acquired or decline," it said in a report.
Notably, Indian telecom operators continue to have one of the lowest monthly average revenue per user (USD 2.5) and the highest monthly data usage (20 GB) in the world.
Further, it said market leaders
Bharti Airtel, it said, will retain its 35 per cent active subscriber market share, while Vodafone Idea will continue to lose market share given its extremely weak financial position.
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