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Telecom shares gain; Bharti Airtel, Idea Cellular up over 3%

Bharti Airtel was up 5% to Rs 316, while Idea Cellular up 4% to Rs 76 and Reliance Communication up 3% at Rs 36 on BSE.

SI Reporter  |  Mumbai 

Photo: singh_lens / Shutterstock.com
Photo: singh_lens / Shutterstock.com

Shares of services providers Bharti Airtel, Idea Cellular, Mahanagar Telephone Nigam Limited (MTNL) and Reliance Communications were trading higher by up to 5% on the BSE in intra-day trade in otherwise range-bound market.

was up 5% to Rs 316 on BSE after the major said International (Netherlands) BV through its wholly owned subsidiary has completed the acquisition of Econet Wireless' entire 4.2% stake in Airtel Nigeria.


As a result, Airtel's overall holding in Airtel Nigeria has increased to 83.25%, it added.

Among the other individual stocks, was up 4% to Rs 76 followed by Reliance Communications (3% at Rs 36) and MTNL (4% at Rs 17.45) on BSE.  The S&P BSE Sensex was down 0.05% at 26,304 points at 01:40 pm.

The finance ministry said on Thursday evening that the consumers with pre-paid connections will be able to do top-ups for a maximum of Rs 500 each using older currency notes till December 15. CLICK HERE TO READ FULL REPORT

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Telecom shares gain; Bharti Airtel, Idea Cellular up over 3%

Bharti Airtel was up 5% to Rs 316, while Idea Cellular up 4% to Rs 76 and Reliance Communication up 3% at Rs 36 on BSE.

Bharti Airtel was up 5% to Rs 316, while Idea Cellular up 4% to Rs 76 and Reliance Communication up 3% at Rs 36 on BSE.
Shares of services providers Bharti Airtel, Idea Cellular, Mahanagar Telephone Nigam Limited (MTNL) and Reliance Communications were trading higher by up to 5% on the BSE in intra-day trade in otherwise range-bound market.

was up 5% to Rs 316 on BSE after the major said International (Netherlands) BV through its wholly owned subsidiary has completed the acquisition of Econet Wireless' entire 4.2% stake in Airtel Nigeria.

As a result, Airtel's overall holding in Airtel Nigeria has increased to 83.25%, it added.

Among the other individual stocks, was up 4% to Rs 76 followed by Reliance Communications (3% at Rs 36) and MTNL (4% at Rs 17.45) on BSE.  The S&P BSE Sensex was down 0.05% at 26,304 points at 01:40 pm.

The finance ministry said on Thursday evening that the consumers with pre-paid connections will be able to do top-ups for a maximum of Rs 500 each using older currency notes till December 15. CLICK HERE TO READ FULL REPORT

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Business Standard
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Telecom shares gain; Bharti Airtel, Idea Cellular up over 3%

Bharti Airtel was up 5% to Rs 316, while Idea Cellular up 4% to Rs 76 and Reliance Communication up 3% at Rs 36 on BSE.

Shares of services providers Bharti Airtel, Idea Cellular, Mahanagar Telephone Nigam Limited (MTNL) and Reliance Communications were trading higher by up to 5% on the BSE in intra-day trade in otherwise range-bound market.

was up 5% to Rs 316 on BSE after the major said International (Netherlands) BV through its wholly owned subsidiary has completed the acquisition of Econet Wireless' entire 4.2% stake in Airtel Nigeria.

As a result, Airtel's overall holding in Airtel Nigeria has increased to 83.25%, it added.

Among the other individual stocks, was up 4% to Rs 76 followed by Reliance Communications (3% at Rs 36) and MTNL (4% at Rs 17.45) on BSE.  The S&P BSE Sensex was down 0.05% at 26,304 points at 01:40 pm.

The finance ministry said on Thursday evening that the consumers with pre-paid connections will be able to do top-ups for a maximum of Rs 500 each using older currency notes till December 15. CLICK HERE TO READ FULL REPORT

image
Business Standard
177 22