Airtel, Idea shares slump after Reliance Jio new offer announcements - News Summed Up

Airtel, Idea shares slump after Reliance Jio new offer announcements


Airtel shares declined by 4.02% to end at Rs360.55 on BSE, after Reliance Jio new offer announcements. Photo: Pradeep Gaur/MintNew Delhi: Telecom stocks came under selling pressure on Tuesday, led by Airtel which lost 4%, after Reliance Jio chairman Mukesh Ambani announced a slew of offers, including 20% more data than any rival from April. Jio Prime membership: Here’s how it fares against Airtel, Vodafone 4G plansShares of Reliance Industries Ltd, on the other hand, rose by 1.36% to close at Rs1,088.25. ALSO READ | Mukesh Ambani unveils new Reliance Jio data plans, including Prime membershipReliance Jio, he said, will continue to offer free voice calls and national roaming post 1 April, when its promotional free voice and data offer ends. Reliance Jio to charge for data services from 1 April: Mukesh Ambani


Source: Mint February 21, 2017 14:01 UTC



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