Movistar and Vodafone started informing their clients price increases that will apply in 20243.1% on average in the case of the first – taking into account all converging and non-converging exchange rate changes – and 4.38% in the case of the second, which is being updated according to inflation The annual average is calculated from October 2022 to September of last year.

Relatively Movistarprice rise will apply from January 15, 2024.whereas in the case Vodafone The promotion will begin at first quarter of next year.

Movistar says rate hikes will serve improve your service and that customers can experience “superior call quality and coverage” through investments in fiber and 5G+.

So the speed ‘my Movistar Max’ it will happen from current 57.9 euros per month to 59.9 euros (+3.45%); The price of miMovistar Unlimited 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 euro; +2.48%).

Meanwhile, the increase in tariffs for Movistar’s non-converged services will about two euroshowever, the company informed customers that the promotions for which they had contracted would continue to be applied under the same conditions until their end.

Vodafone

As for Vodafone, rates will increase by an average of 1.64 euro in 2024, and the UK operator defended the application of this increase due to inflation caused by “continued increases in energy prices, costs, services and suppliers”, which it explained had “impacted on the business in a deflationary market context”.

Likewise, price hikes are also part of the need to “face increased investment to facilitate the deployment of next-generation 5G networks and exponential growth in data traffic,” he added.

Thus, for customers with a mobile tariff plan from the current offer, the monthly price will increase by an average of 0.8 euros, and for customers with convergent plans, the increase will be an average of 2.5 euros (including VAT).

This measure excludes vulnerable clients From a financial point of view, the company clarified that the social tariffs of the operator and Lowi customers have agreed.

“With this initiative, the operator is pursuing consolidate sustainability business in the long term and provide the necessary resources to continue investing in next-generation networks, innovative products and services in a market in which mobile phone prices have fallen by 32% since 2008, according to the CNMC (National Markets and Competition Commission), with losses of more than 34% of revenue over the past 10 years,” the company added.