The
tariff hikes, across all 22 circles, have been done in tranches since
mid-December and January. The telcos have reported revised tariffs to
TRAI, say sources.
Bharti Airtel, Idea rally over 3% on hike in call rates
MUMBAI - Shares of Bharti AirtelBSE 4.17 % and Idea CellularBSE 3.14 % gained momentum in trade today on reports that the duo has hiked call rates by over 100 per cent.
"Bharti Airtel has doubled call tariffs to Rs 2 per minute and Idea Cellular has hiked tariffs to 2 paise per second from 1.2 paise per second," reported ET Now quoting sources.
The tariff hikes, across all 22 circles, have been done in tranches since mid-December and January. The telcos have reported revised tariffs to TRAI, say sources.
According to analysts, the low cost era in Indian telecom sector seems to over and more hikes by other players will soon be expected.
Management of Bharti Airtel has said that increase in call tariffs is inevitable and the revision in prices is in line with increasing costs.
Shares of Bharti Airtel were at Rs 364.60, up 3.68 per cent on the NSE. It touched a high of Rs 364.80 and a low of Rs 350.25 in trade today.
Shares of Idea Cellular were at Rs 121.65, up 3.31 per cent on the NSE. It touched a high of Rs 122 and a low of Rs 116.05 in trade today.
"Bharti Airtel has doubled call tariffs to Rs 2 per minute and Idea Cellular has hiked tariffs to 2 paise per second from 1.2 paise per second," reported ET Now quoting sources.
The tariff hikes, across all 22 circles, have been done in tranches since mid-December and January. The telcos have reported revised tariffs to TRAI, say sources.
According to analysts, the low cost era in Indian telecom sector seems to over and more hikes by other players will soon be expected.
Management of Bharti Airtel has said that increase in call tariffs is inevitable and the revision in prices is in line with increasing costs.
Shares of Bharti Airtel were at Rs 364.60, up 3.68 per cent on the NSE. It touched a high of Rs 364.80 and a low of Rs 350.25 in trade today.
Shares of Idea Cellular were at Rs 121.65, up 3.31 per cent on the NSE. It touched a high of Rs 122 and a low of Rs 116.05 in trade today.
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