Bharti Airtel hits 52-wk high, Voda Idea up 20% on decision to hike tariffs

Bruised by fierce competition to keep prices low, the tariff hike announced by the two companies is the first in several years and follows record second-quarter losses reported by the two operators

Stocks of telecom operators Bharti Airtel and Vodafone Idea surged in Tuesday's early morning trade after the two firms announced they will hike tariffs, starting December 1. While Airtel's shares climbed 5 per cent to Rs 430.80 apiece to log a fresh 52-week high, Vodafone Idea zoomed 20 per cent to Rs 5.35 on the BSE.

The telcos, however, did not provide any guidance on the amount of the hike or the subscriber segments to be impacted by the move. 
 

Bruised by fierce competition to keep prices low, the tariff hike announced by the two companies is the first in