Debt-ridden telcos to increase mobile tariffs by 30%

This is any present day mobile consumer's worst fear come true. Burdening debts and unrelenting competition in an ever growing market has led to all major telcos operational in the country to resort to inflated tariffs to get their revenues growing, while still keeping losses in check, reports The Economic Times. Result? Be prepared to see a bill figure higher by 20-30 percent than usual. This isn't the first time such a tariff hike has come into being, but the fact that this one comes closely after a period of slashed tariffs makes it a little difficult to digest. Reportedly, last July, consumers had to deal with pricier mobile bills, after telcos resorted to a 20 percent hike on their tariffs. In a statement provided by a Bharti Airtel spokesperson to ET, it was clear that a 20-30 percent hike is something that all telcos need, in the least to "keep its head above water". Click here for full story