 "telecom, telephone, telephone communication")
Shares of telecom services providers rallied with Idea Cellular and Reliance Communications up more than 5% each, and Bharti Airtel at eight-year high on the BSE. MTNL, Tata Communications and Reliance Industries, too, were trading higher in the range of 1% to 3% as compared to 0.2% rise in the S&P BSE Sensex at 11:12 AM.
The S&P BSE Telecom index, the largest gainer among sectoral indices, was up 1.6%, hitting record high of 1,624 points in intra-day trade on Monday.
Reliance Jio Infocomm (RJio), a telecom arm of Reliance Industries, has decided to raise effective prices of most 4G tariff plans by 15-20% from October 19.
RJio’s revision of tariffs, which includes a reduction in the validity period, is a positive for the telecom sector and will ease some pressure off the incumbents, the Business Standard report suggests. CLICK HERE TO READ FULL REPORT.
The S&P BSE Telecom index, the largest gainer among sectoral indices, was up 1.6%, hitting record high of 1,624 points in intra-day trade on Monday.
Reliance Jio Infocomm (RJio), a telecom arm of Reliance Industries, has decided to raise effective prices of most 4G tariff plans by 15-20% from October 19.
RJio’s revision of tariffs, which includes a reduction in the validity period, is a positive for the telecom sector and will ease some pressure off the incumbents, the Business Standard report suggests. CLICK HERE TO READ FULL REPORT.
