Telecom stocks rally as DoT announces planned 5G rollout in 13 cities

Voda Idea was the major gainer among the leading telecom stocks, up over 2 per cent; MTNL and TTML were locked at their respective upper limits

Telecom stocks were in high demand on Tuesday, with the likes of MTNL and TTML locked at their respective 10 per cent and 5 per cent upper circuit limits. The BSE Telecom index was one of the prominent gainer, up 1.3 per cent in late morning trade as against 0.7 per rise in the BSE Sensex.

On Monday, the Department of Telecommunications (DoT) announced that commercial 5G services will be rolled out in 13 Indian cities in India, including the metropolises, in the new year 2022.

According to the DoT release, 5G services could initially be launched in