Bharti Airtel falls 1.2 pct while NSE index gains 0.9 pct. Shares of Bharti Airtel down 15.3 pct in Oct-Dec quarter so far vs 3.3 pct gain in NSE index.
Mukesh Ambani’s Reliance Jio may offer 4G services at cheap prices which may trigger a tariff war for data – investors.
Reliance Industries expects to start offering 4G telecom services next year.
Bharti Airtel’s foreign currency debt may also lead to mark to market losses amid emerging market currency volatility – traders.
($1 = 63.5150 Indian rupees)