Shares of mobile phone service providers such as Bharti Airtel, Idea Cellular and Reliance Communication have rallied up to 5% on report that they have hiked voice call tariffs.
Bharti Airtel India's biggest mobile carrier has moved higher by almost 5% at Rs 368 on the National Stock Exchange (NSE). Idea Cellular has surged 4% to Rs 122 and Reliance Communications is up 3% at Rs 90.25.
According to Reuters report, Bharti Airtel, said on Wednesday it has raised voice call prices to account for rising costs, sending its shares up more than 3%.
“The company will hike voice call tariffs in a phased manner and not across all circles simultaneously. In some cases, free minutes have been reduced by 10-25% on the MRP of the pack. MRP of some Special Value Vouchers has been increased by Rs 5-15,” the NDTV report suggests.
