Bharti Airtel, Vodafone Idea Shares Jump After Jio Puts An End To Free Calls

Analysts say the abolition of free voice calls by Reliance Jio is positive for the industry as it enables other operators to raise tariffs.

Shares in Bharti Airtel and Vodafone Idea jumped a day after Reliance Jio said it will charge customers 6 paise per minute for calls made to rival networks till such time that the telecom regulator moves to a zero termination-charge regime. Bharti Airtel shares surged as much as 7.13 per cent and Vodafone Idea 17.64 per cent during the session.