NEW DELHI Jan 23 Bharti Airtel Ltd,
India's top mobile phone carrier, said on Wednesday it has
raised voice call prices to account for rising costs, sending
its shares up more than 3 percent.
"We have been reiterating that increase in prices is
inevitable, which is reflected from the fact that despite rising
costs, tariffs have been falling over the past 12 quarters,"
Bharti Airtel said in a statement. The company gave no detail of
the call price increase.
A source with direct knowledge separately told Reuters that
Bharti Airtel is reducing free minutes by up to a quarter and
has increased prices of some call vouchers for prepaid customers
by 5-15 rupees.
The call price increase will be extended to all of India's
22 telecommunications zones in a phased manner, the source said,
declining to be named.
(Reporting by Devidutta Tripathy; Editing by Aradhana