Bharti Airtel recovers after initial fall; RIL at new high as TRAI cuts IUC

Idea Cellular's FY18 EBIDTA be hit be by around 10% following the move to cut IUC, analysts say

Reliance Industries (RIL), however, hit a new high of Rs 872 on BSE on reports as the regulator’s tariff order will be beneficial for its telecom subsidiary, Reliance Jio Infocomm. The new charges are being seen as a relief for the latest entrant, Reliance Jio. It is estimated to save about Rs 3,800 crore annually from this move, reports suggest.

Bharti Airtel, on its part, slammed the move and said that the company was disappointed with the regulation that comes at