Telecom stocks mixed after TRAI cuts ceiling tariffs for national roaming

Shares of four telecom firms were mixed at 10:01 IST on BSE after the telecom regulator cut the maximum chargeable rates for roaming services effective 1 May 2015.

MTNL (down 0.75%), Bharti Airtel (down 0.54%) and Reliance Communications (down 0.47%), edged lower.

Tata Teleservices (Maharashtra) (up 1.13%) and Idea Cellular (up 1.52%), edged higher.

The S&P BSE Sensex was down 19.60 points, or 0.07% at 28,865.61.

The Telecom Regulatory Authority of India (TRAI) yesterday, 9 April 2015, reduced ceiling tariffs for national roaming calls and SMS and has mandated telecom service providers (TSPs) to offer a special roaming tariff plan. These changes will come into effect from the 1 May 2015.

Through this amendment order, the Authority has removed the existing mandate to the TSPs for providing Roaming Tariff Plan (RTP) and Roaming Tariff Plan Free (RTP FR) and has mandated the TSPs to offer a Special Roaming Tariff Plan to its pre-paid and post-paid subscribers. In Special Roaming Tariff Plan, incoming voice calls while on national roaming shall be free, on payment of fixed charge, if any. All subscribers will benefit from the reduced ceilings; competitive pricing below the new ceiling levels is expected.

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