Bharti, Idea, RComm Fall 4-7% As TRAI Halves Mobile Call Connect Charge

Bharti Airtel share price plunged as much as 6.2 percent, Reliance Communications lost 4.2 percent and Idea Cellular cracked 7.4 percent but Reliance Industries hit a fresh record high of Rs 872.10 up 3.8 percent.

The Telecom Regulatory Authority of India on Tuesday slashed connection charge for all mobile to mobile calls to 6 paise per minute from 14 paise. The revised charge, effective October 1, will be reduced to zero from January 1, 2020.

For calls between landlines, between mobiles and landlines and vice versa, this charge will continue to be nil.

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