Jio vs Airtel: Which telecom service is cheaper after price hike? new rates compared

Reliance Jio as well as Airtel on Friday announced a tariff hike and announced that new rates will be implemented from July 3, 2024.

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With a few days to go before the start of July 2024, India's two biggest telecom companies on Friday announced tariff hikes and published new prices for prepaid and postpaid services. Jio as well as Airtel on Friday announced a tariff hike. It means the people of India will have to shed more money for the monthly, half-yearly, and even yearly prepaid or postpaid plans. Talking about Jio, Mukesh Ambani's Reliance Jio, has announced a price hike to the existing rates of its mobile services and prepaid, and postpaid plans. The new prices will come into effect on July 3. Jio is also restricting access to 5G unlimited data for customers.

On the other hand, Bharti Airtel, India's second-largest telecom operator after Reliance Jio, has announced a hike of 10% to 21% in mobile tariffs. Sunil Bharti Mittal's telecom company said that it will hike mobile tariffs starting July 3, 2024. Now the cheapest plan of Rs 179 will be available for Rs 199. It has 28 days of validity, unlimited calling, and 2 GB of data. The same plan of Rs 265 will be available for Rs 299. It has 28 days of validity, unlimited calling, and 2 GB of data daily. 

Now, the question arises which telecom services are cheaper after the price hike? Below is the Jio vs Airtel new tariff plan- 

Jio Old & New Tariffs 2024

Existing Plan Benefits  Validity  New Plan
Rs 155 2 GB 28 days Rs 189
Rs 209 1 GB/day 28 days Rs 249
Rs 239 1.5 GB/day   28 days Rs 299
Rs 299 2 GB/day 28 days Rs 349
Rs 349 2.5 GB/day 28 days Rs 399
Rs 399 3 GB/day 28 days Rs 499
Rs 499 1.5 GB/day 56 days Rs 579
Rs 533 2 GB/day 56 days Rs 629
Rs 399 (Postpaid) 75 GB bill cycle Rs 499

Airtel Old & New Tariffs 2024

Why did Airtel & Jio hike tariffs?

As per reports, Jio & Airtel marked their first major rate increase by a telco since 2021, aimed at boosting average revenue per user (ARPU) due to the high investments in 5G services. As per ET, Brokerage CLSA suggests that Jio, Airtel, and Vodafone Idea need at least a 20% rate hike to reach a sectoral ARPU of Rs 200-217 by FY25-26. In May, Airtel's managing director Gopal Vittal emphasized the need for substantial tariff increases, citing the low return on capital employed (RoCE) at 9.5%. He noted, "While tariff hikes would invariably lead to some SIM consolidation, the upside benefits are far greater."