Shares of five telecom companies fell by 0.23% to 3.08% at 14:50 IST on BSE after Reliance Jio Infocomm yesterday, 27 December 2015, announced the soft launch of its fourth generation telecom services.
Tata Teleservices (Maharashtra) (down 3.08%), Bharti Airtel (down 1.82%), Idea Cellular (down 1.17%), Reliance Communications (down 0.35%) and MTNL (down 0.23%), edged lower.
The S&P BSE Sensex was up 134.37 points, or 0.52% at 25,973.08.
Reliance Industries (RIL)'s telecom unit Reliance Jio Infocomm yesterday, 27 December 2015, announced the soft launch of its fourth generation (4G) telecom services for RIL group employees, their families and business partners. Reliance Jio Infocomm didn't disclose when commercial operations will begin, according to news reports.
RIL's re-entry into the telecom business is likely to intensify competition in the telecom sector, particularly in the lucrative data business.
Powered by Capital Market - Live News
