RJio new postpaid plan effect; Idea hits 52-week low, Airtel down 6%

Bharti Airtel dipped 6% to Rs 388 on the BSE, while Idea Cellular hit a fresh 52-week low of Rs 53.45, slipped 8% in intra-day trade.

Shares of telecom services provider are under pressure with the Idea Cellular hitting a fresh 52-week low, while Bharti Airtel falling 6% in intra-day trade on Friday after Reliance Jio Infocomm (RJio) announced a new unlimited postpaid plan on Thursday with national roaming, international calling and international roaming plans among others.

The all new JioPostpaid will be available for subscription starting 15th May, 2018. JioPostpaid marks a paradigm-shift in the way postpaid services are offered and consumed, just like Jio did with its prepaid services, Reliance Jio Infocomm (“Jio”), a subsidiary of Reliance Industries said in a press release.