The stocks of Bharti Airtel (Airtel) and Vodafone Idea (Vi) shed 8-10 per cent each after Reliance Jio (Jio) rolled out a slew of postpaid plans aimed at the lucrative postpaid telecom market. Jio on Tuesday announced plans ranging from Rs 399 to Rs 1,499, with higher-priced packs coming with increased data and bundled applications.
At the entry-level price point, postpaid packs of Airtel and Vi are at a 25 per cent premium to those launched by Jio. Though Jio had postpaid plans before the new plans, it did not get traction, given limited options and lack of bundled applications. ...
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