Telecom tariffs to see 13-15% rise in FY27: HSBC

Average revenue per user (Arpu) for Indian telcos could see a 13-15% lift in FY27, buoyed by headline tariffs later in the year, analysts said in a recent report by HSBC.

However, they added, while Vodafone Idea’s recent AGR relief improves its financial runway without materially altering competitive dynamics, they added.

“We forecast a 15% mobile tariff hike in 2QFY27 for 4G/5G subscribers and expect mobile ARPU to expand by 13-15% y-o-y for the three operators in FY27,” HSBC analysts said.