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Morgan Stanley predicts 16-20% telecom tariff jump in Q1 FY27

This will be the fourth major price hike in eight years. The industry raised prices by 15% in 2024, 20% in 2021, and 30% in 2019. According to Morgan Stanlley, each time strong players like Airtel captured bigger revenue gains, weaker competitors fell behind.

16 Dec 2025 5:40 pm