Airtel Announces Likely Tariff Hike Amidst Surge in Operational Costs

Airtel Nigeria's CEO Dinesh Balsingh has announced a need for tariff hikes due to a 300% surge in operating costs over the last 18-24 months, necessary for long-term sustainability.

Airtel Nigeria's CEO Dinesh Balsingh has announced that a significant surge in operational costs over the past 18-24 months has necessitated tariff adjustments for the telecoms company. The 300% increase in operating expenses has made it imperative for Airtel to re-evaluate its pricing strategy to ensure long-term sustainability. As a result, tariff hikes are expected to be implemented, although specific details have not been disclosed yet. This move is part of Airtel's efforts to manage costs and maintain profitability amidst rising operational costs.