Telecom stocks edge lower

Five telecom stocks fell 0.56% to 1.86% at 11:20 IST on BSE after Telecom Regulatory Authority of India in a notification yesterday, 23 February 2015, slashed domestic and international termination call charges.

Reliance Communications (down 1.07%), Mahanagar Telephone Nigam (down 1.86%), Bharti Airtel (down 0.79%), Tata Teleservices (Maharashtra) (down 0.56%), and Idea Cellular (down 1.54%), edged lower.

Meanwhile, the S&P BSE Sensex was down 34.04 points or 0.12% at 28,941.07.

Telecom Regulatory Authority of India (TRAI) in a notification yesterday, 23 February 2015, slashed domestic and international termination call charges. Mobile termination charge (MTC) for all calls originating from wireless network has been reduced from 20 paise per minute to 14 paise per minute. Further, to promote investment and adoption of wireline network (so that they become an effective vehicle for delivery of high speed internet in the country), TRAI has decided to prescribe fixed termination charges (FTC) as well as MTC for wireline to wireless calls as zero. Accordingly, MTC for all calls originating from wireline has been set to zero. FTC for all calls originating either from wireline network or from wireless network has been set to zero. Termination charge for international incoming calls has been increased to 53 paisa per minute from existing 40 paisa per minute.

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