Telecom tower (Photo by W Rorrkychand Sing/Tonseblog.com)

Telecom Stocks Fall; Bharti Airtel Plunges 3%

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

Shares of Bharti Airtel fell by 2.97 per cent to settle at Rs 406.80 on the BSE.

Similarly, Idea Cellular lost 2.29 per cent to Rs 187.75. Original post at ET Telecom

Wahengbam Rorrkychand

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Website: http://www.blog.tonsetelecom.com

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