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Mobile Recharges Likely to Get Costlier From June 2026: Jefferies
Jefferies: A 15% increase in mobile tariffs is possible by June 2026. According to Jefferies' report, prices will rise due to the Jio IPO and revenue growth. Vodafone Idea will also need a 45% hike to repay its debt.
Mobile recharge prices could become higher from June 2026. According to a Jefferies report, Indian telcos are once again gearing up for a significant increase in mobile phone rates. Analysts have estimated a possible rise of around 15% in mobile service prices by June 2026.
Such a rise would happen just two years after the last tariff rise. Recently, a report from brokerage firm Jefferies suggests that this is imperative for Reliance Jio’s long-awaited IPO and promoting overall revenue growth in this industry.
According to a report prepared by Jefferies equity analysts Akshat Agarwal and Ayush Bansal, Jio's IPO is highly likely to launch in the first half of 2026. Analysts believe that the proposed IPO will not only boost the valuation of the entire telecom sector but also lay the groundwork for an increase in mobile service rates.
