Vi has increased their prices of Rs 598 and Rs 749 postpaid plans. The third largest telecom company in India has increased their prices of two postpaid plans by Rs 50. Considering their financial condition it is necessary for them to increase their Average Revenue Per User (ARPU). The ARPU of Vi is Rs 119 which is very low when compared with ARPU of Airtel and Jio, Rs 162 and Rs 140 respectively.
Vi is also trying hard to increase the users of their network but unfortunately they are losing more and more users as per the report by the Telecom regulatory Authority of India (TRAI). This might be the reason why the share price of Airtel is going up. There could also be a similar move from Bharti Airtel, they are also in need of funds to pay off their obligations.
The Q2 results of Vi has reduced its loss to Rs 7,203 crore from Rs 25,467 crore. The company is reeling from trying to pay off AGR dues. They are trying to get funds to expand and develop their network services and also to pay off their huge debt. The company had also announced that they would not be bidding in the upcoming 5G spectrum auction. There are also reports that claim Vi has become the fastest 4G telecom provider in India.