Stocks of telecom companies tumbled as a good deal as 6 consistent with cent after Reliance Industries Ltd announced an extension of loose voice and data provide for current and new consumers of RJio until March 31.
“Starting December 4, 2016, every new Jio consumer will get Jio’s records, voice, video and the overall bouquet of Jio programs genuinely loose until March 31, 2017,” RIL Chairman Mukesh Ambani stated.
The ‘Jio satisfied New yr provide’ will also be extended to existing customers on cutting-edge SIMs, he said.
Idea cellular, Bharti Airtel and Reliance Communications stock witnessed heavy promoting strain following the declaration.
On the end of nowadays’s trading on BSE idea mobile changed into quoted at Rs 72.ninety five - down 5.93 consistent with cent, at the same time as Bharti Airtel settled at Rs 319.10 - down 1.66 consistent with cent. Reliance Communications closed at Rs 35.seventy five, down 5.05 in step with the cent.
Reliance Jio, Ambani stated, is the quickest-developing era agency inside the world. “within the first 3 months, Jio has grown faster than facebook, WhatsApp or Skype,” he stated.
RIL, in September, stormed into the telecom enterprise saying loose voice and facts until December-quit.