Business Standard

Telecom shares trade weak; Bharti Airtel down 3% on Jio announcement

Bharti Airtel and Idea Cellular had rallied more than 15% each in past one month.

The Jio effect
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Deepak KorgaonkarPranati Deva Mumbai
Shares of telecom companies trading mixed on the bourses after Reliance Industries chairman Mukesh Ambani announced Jio reached 100 million subscribers and launched the Rs 303 per month plan from April 1.

According to the tariff plan, Jio will match the highest selling tariff of other operators and provide 20% more data than what other operators provide. CLICK HERE TO READ FULL REPORT.

Bharti Airtel was trading down 2.6% at Rs 366 and Idea Cellular was down less than 1% at Rs 108, while Reliance Communications trading 3% higher at Rs 36 on the BSE. Reliance

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