1. Idea Cellular, Bharti Airtel shares fall up to 6 per cent after slashing data tariffs

Idea Cellular, Bharti Airtel shares fall up to 6 per cent after slashing data tariffs

Bharti Airtel and Idea Cellular shares slumped after the telecom majors announced cut in their data tariffs, contributing to the stock markets fall with the BSE Telecom index plunging 3.23 per cent on Monday.

By: | Published: July 18, 2016 4:29 PM
Idea Cellular, Bharti Airtel shares fall after slashing data tariffs Bharti Airtel and Idea Cellular shares slumped after the telecom majors announced cut in their data tariffs, contributing to the stock markets fall with the BSE Telecom index plunging 3.23 per cent on Monday. (Express photo)

Bharti Airtel and Idea Cellular shares slumped after the telecom majors announced cut in their data tariffs, contributing to the stock markets fall with the BSE Telecom index plunging 3.23 per cent on Monday.

Idea Cellular shares closed 6.52 per cent down at Rs 103.90. The scrip opened at Rs 112 and touched its high and low of 112.70 and Rs 102.75, respectively. Bharti Airtel shares closed 3.98 per cent down at Rs 363.45 . The scrip opened at Rs 379.10 and touched a high and low of Rs 380 and Rs 362 , respectively, in trade so far. Sensex closed 89.84 points down at 27,746.66.

Idea Cellular on Friday cut mobile internet rates to offer more value to customers on their 4G, 3G and 2G data packs. The company’s statement said that its customers can get up to 45 per cent more data benefits on sachet packs below 1 GB.

Bharti Airtel on Sunday said that it has slashed data tariffs for pre-paid customers. The revised data benefits – the Rs 655 4G/3G – monthly recharge pack will offer now 5GB data vs 3GB earlier, amounting an increase of 67 per cent in data benefit.

  1. G
    gspal
    Jul 19, 2016 at 8:48 pm
    "Idea’s 2 GB data is now priced at just Rs 349, as against the earlier price of Rs 449." Hogwash. As of today, July 20, 2015, at their site for UP-East the rates for data packs remain unchanged:MRP Benefit Validity Taxes(incl. ST, SBC, KKC*)Rs. 95 300 MB 10 Days Rs. 12.39Rs. 251 1GB 28 Days Rs. 32.74Rs. 445 2 GB 30 Days Rs. 58.04Rs. 649 Unlimited(FUP 3GB,3-4GB 40Kbps,>4GB 20kbps) 25 Days Rs. 84.65Rs. 949 Unlimited(FUP 6GB,6-7GB 40Kbps,>7GB 20kbps) 25 Days Rs. 123.78*Taxes incl. Service Tax, Swachh Bharat Cess, Krishi Kalyan Cess.
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