Indian telecom industry mainly consist of three main players Reliance Jio, Airtel and Voda Idea.
Thanks to intense price rate cutting Indian users benefited immensely. Mobile phones are available even without any concern about income earning capacity.
It was agreed that the rate and services offered by trio made it difficult for them especially Airtel and Voda Idea to sustain.
On December 01, 2019 all three Jio, Airtel and Voda Idea announced they will increase the tariff rates. I will reproduce it from the newspaper (online) headlines:
Reliance Jio to raise mobile services rates by up to 40% from 6 December.
Voda Idea to raise mobile call, data charges from Dec 3 by up to 42%.
Airtel hikes prepaid tariffs by up to 42%; to charge for calls made to other telcos.
The magic number is 40% to 42%. A very surprising that despite intense competition / rivalry between the three operators they agree with rate of 42% / 40%.
As Sherlock Holmes said food for thought:
Is the above percentage hike a coincidence or an agreed rate hike (cartel)?
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