Bharti Airtel gained 2.86% and Idea Cellular advanced 3.83% after the Supreme Court today, 8 April 2013, allowed them to continue 3G pacts until the next hearing on 11 April 2013.
Meanwhile, the S&P BSE Sensex was down 12.45 points or 0.07% at 18,437.78.
Bharti Airtel and Idea Cellular rose after the Supreme Court today, 8 April 2013, allowed Bharti Airtel, Idea Cellular and unlisted Vodafone India to continue 3G pacts, allowing them to offer 3G services outside their licensed zones, until the next hearing on 11 April 2013.
The telecom department had termed Airtel, Vodafone and Idea operations in seven circles, where they don't have licence, as illegal. The department had earlier said that the 3G roaming pacts were forged in a sheer violation of licensing terms and conditions, and such pacts have deep impact on spectrum auction. The telecommunications ministry had asked Bharti Airtel, Idea Cellular and Vodafone to end the pacts.
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