Telecom stocks News

Shares of Airtel declined as much as 6.22% to Rs 461.50.

Telecom regulator Trai on Wednesday announced slashing of mobile call connection charge by more than half to 6 paise a minute and said no rate will apply from January 1, 2020, a move that may benefit newcomer Reliance Jio.

On Thursday, weak services sector data and heavy selling pressure in banking and metal stocks dragged the benchmark indices lower.  

Ambani on Friday announced the launch of a 4G-enabled feature phone priced at "effective" zero that bundles life-long free voice calls with dirt cheap data in a bid to woo 50 crore low-income users to his 10-month old Jio.

Stocks of telecom operators Bharti Airtel and Idea Cellular tumbled after industrialist Mukesh Ambani-led Reliance Industries (RIL) on Friday announced the launch of the JioPhone `intelligent smartphone`.

Telecom stocks bounced back during the fag-end of trade Friday, rising by up to 3 percent, on emergence of buying at lower levels after witnessing sharp losses amid the announcement of launch of much-talked about Jio 4G service.

Telecom stocks extended losses for the second straight session today, falling up to 3.5 percent, after Mukesh Ambani yesterday announced the launch of much-talked about Jio 4G service, offering free voice calls and national roaming.

Telecom stocks were hit by severe selling pressure Thursday, falling sharply by up to 11 per cent in intra-day trade, which wiped out Rs 16,997 crore from their market valuation after RIL chief Mukesh Ambani read out aggressive plans for Reliance Jio network.

Telecom stocks on Friday fell by up to 4 percent hit by concerns that DoT will soon issue demand notice of over Rs 12,500 crore to six telecom operators amid allegations of under-reporting of revenue to the tune of Rs 45,000 crore.

Telecom stocks Idea Cellular and Bharti Airtel witnesses selling pressure today, falling as much as 3.3 percent, after regulator Trai raised the penalty on operators to up to Rs 2 lakh for call drops on mobiles and poor quality of service.

Telecom stocks faced selling pressure Thursday, falling up to 3 percent, after regulator TRAI slashed ceiling tariffs following which mobile calls while in roaming will be cheaper by up to 23 percent and sending SMSes will cost up to 75 percent less from May 1.

Telecom stocks, led by Bharti Airtel, were in limelight Tuesday, surging by up to 7 percent in an otherwise weak stock market.

Telecom stocks on Thursday fell up to 4 percent after the government fixed a higher base price for 3G spectrum auction at Rs 3,705 crore per mega hertz.

Telecom stocks fell up to four percent today after the government fixed the base price for 3G spectrum auction at Rs 3,705 crore per mega hertz.

Telecom stocks on Tuesday rose by as much as 5 percent after regulator TRAI recommended allowing sharing of all categories of airwaves held by operators.