Movistar and Vodafone started to convey to their customers the price increases they will implement in 2024, 3.1% in the first case on average – taking into account all convergent and non-convergent rate changes – and 4.38% Secondly, its update is in line with the average annual inflation calculated from October 2022 to last September.
At Movistar, the price increase will be valid as of the following date: January 15, 2024For Vodafone, the increase will start in the first quarter of next year.
Movistar argued that the increase in its rates would serve to improve its service so that customers could have a better experience. “Superior connection with greater quality and coverage”By investing in fiber network and 5G+.
Thus, the ratio ‘myMovistar Max‘ will increase from the current monthly rate of 57.9 euros to 59.9 euros (+3.45%); ‘myMovistar Unlimited‘ the cost will increase from 74.9 euros to 76.9 euros (+2.67%); ‘miMovistar Unlimited x2‘ will cost 93.9 euros (compared to the current 90.9 euros; +3.3%) and ‘miMovistar Unlimited x4‘ will rise to 123.9 euros per month (compared to the current 120.9 euros; +2.48%).
Meanwhile, increases in Movistar’s non-converged service rates will be approx. two eurosThe company informed its customers that the contracted promotions will continue to be applied under the same conditions until they end.
vodafone
In Vodafone, the tariffs will increase by an average of 1.64 euros in 2024, and the British operator defended its implementation on the grounds that this increase was due to inflation.“Continued increase in energy prices, costs, services and suppliers”, as he explains, “it had an impact on the business in the context of a deflationary market.”
Likewise, price increases are also part of the need. “to cope with the increase in investments to increase the deployment of next-generation 5G networks and the exponential growth of data traffic”, added.
In this way, while the monthly prices of customers who signed a contract with a mobile tariff from the current campaign will increase by 0.8 euros on average, the increase will be 0.8 euros for those with a convergent tariff. Average 2.5 euros (VAT included).
This measure financially excludes vulnerable clients and customers who have signed contracts with the operator’s social tariffs. lowiThe company clarified the issue.
“With this initiative, the operator aims to consolidate the sustainability of the business in the long term and secure the necessary resources to continue investing in next-generation networks and innovative products and services in a market where mobile phone prices have fallen by 32% since 2008, according to CNMC “The (National Markets and Competition Commission) has lost more than 34 percent of its revenues in the last 10 years,” he added.