While the Vodafone Idea scrip settled with gains of 5.82 per cent at Rs 6.18, the Bharti Airtel share rose 5.05 per cent, or by Rs 18.15, to Rs 377.40. The run-up in their share prices came on expectations that these operators may also raise tariffs in response. Shares of Reliance Industries settled 2.76 per cent higher at Rs 1,362.40 on a day the benchmark index slumped over 297 points. “Reliance Jio will recover the IUC for off-net calls from its subscribers at 6 paise per minute via a separate recharge voucher. According to a note from UBS, Jio’s decision is positive for the sector, despite lingering uncertainties on how the telecom regulator and the company’s rivals will respond.

Source: The Telegraph October 10, 2019 19:52 UTC