Home / Markets / News / Tech view: Voda Idea hikes tariffs; what does it mean for telecom stocks?

Tech view: Voda Idea hikes tariffs; what does it mean for telecom stocks?

Vodafone Idea may see a rally in the direction of Rs 15 shortly if it manages to breakout above 100-WMA.

spectrum, trai, mobile, tech, telecom, telco, phone, smartphone, internet, data, call

Premium

Last month, Bharti Airtel Sunil Mittal had also said that the telecom tariff hike was needed.

3 min read Last Updated : Dec 03 2020 | 11:36 AM IST

Telecom stocks were trading mixed in the late morning deals on Thursday. Earlier this week, cash-strapped Vodafone Idea (VI) announced tariff hikes on select plans as it struggles to retain customers and clear its pending dues. However, the company has moved cautiously by raising the tariff only in limited circles such as Uttar Pradesh.

According to a Business Standard report, the tariff hike of Rs 50 has been effected under Vodafone Idea’s RED family pack plans which currently cost Rs 598 and Rs 749, respectively. However, the rates for the remaining eight post-paid plans remain unchanged. READ MORE

Last month,

Topics : Voda idea Tariff hike Midcaps telecom services

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in