If you are a subscriber of Reliance Geo, you may soon find a shock. Because the Geo Tariff plan is going to increase the rate of the plan. One report said that Reliance Geo Infocomm will increase rates in this new fiscal year. It is believed that Geo is spending huge amount on fiber and towers. Apart from this, the company has an annual expenditure of about 9 thousand crores for several projects, so the company can now increase its service rates.
According to the investment bank JPMorgan's report, Japan's soft bank can invest Rs.1,00,000 crore in geo. Let's remind you that companies such as Vodafone-Idea and Airtel are also collecting money from the market, so Geo too will have to consider it for this. It is said that WafaPhone-Idea and Airtel are preparing to raise around Rs 1,000 crore through Rita Issue.
There was a recent report that Geo is coming up with only Rs. 600 in Geo Gigabeefber. In which customers will be provided broadband, landline and TV facility at Rs.6600 per month. Customers will also get unlimited calling facility in this plan.
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