Jio wants to increase data prices in two to three tranches to minimize consumer shock.- Currently,
Jio offers 4G data at ₹3.6 per GB. - Jio also wants the increased data prices to be applied uniformly across all tariffs and segments.
Earlier last month, Vodafone Idea proposed to the Telecom Regulatory Authority of India (TRAI) to increase data prices to ₹35 per GB, in addition to a monthly connection fee to help cover its adjusted gross revenue dues of ₹53,000 crore.
According to a report by ET Telecom, Jio proposed the minimum floor price be raised to ₹20 per GB in two to three tranches to minimize the price shock for consumers. This could result in an increase by up to 461%, which could lead to an industry-wide spike in prices.
New minimum floor price to aid the distressed telecom sector
In its letter, Jio noted that the increase in the minimum floor price will prove to be an aid to the distressed telecom sector. This should come as a pleasant surprise to Airtel and Vodafone Idea which have been hit by adjusted gross revenue dues of ₹36,000 crore and ₹53,000 crore respectively.
Jio also proposed that the new minimum floor price should be implemented uniformly across all tariffs as well as individual and corporate segments.
Jio’s 4G prices are still the lowest in the industry
While data prices have increased across the board after the tariff hike last year, Reliance Jio still offers the lowest 4G data prices in the country.
Here is a quick comparison of the most popular 1.5GB data per day plans from Jio, Airtel and Vodafone Idea:
It is worth noting that while Airtel and Vodafone Idea provide free voice calls to all networks, Jio charges ₹0.06 per minute for non-Jio calls. Essentially, the gap between Jio and the other two telcos is narrow now.
See also:
Vodafone Idea wants to increase data prices by 10 times - to cover its spectrum dues
Over 450 million users stuck in a limbo as Vodafone Idea, BSNL and MTNL fight to survive
Mukesh Ambani’s Jio disagrees with Airtel, Vodafone on everything except tariffs and transparency