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Vi follows suit, hikes prepaid tariff by ~20-22% across packs

News: Vodafone Idea has also hiked its prepaid tariff plans by 20-22% across the board and 25% in base entry level voice (2G plan), similar to Airtel.

Views: We expect the tariff flow through to raise the EBITDA runrate by ~30%. However, since we had taken 15% hike in our estimates, EBITDA upgrade for FY23 will be ~6-7%. Key will be fund raise and improved network spends for the company, going forward.

Impact: Positive