Telecom stocks came under selling pressure today, led by Airtel which lost 4% after Reliance Jio Chairman Mukesh Ambani announced a slew of offers, including 20% more data than any rival from April. Also Read - Jio Freedom Plans 2021: Jio launches 5 new prepaid plans with no daily data limit - check detailsAlso Read - How to recharge your Jio number via WhatsApp
Shares of Bharti Airtel declined by 4.02% to end at Rs 360.55 on BSE. During the day, it lost 4.27% to Rs 359.60. Idea Cellular went down by 0.37% to close at Rs 108.30 after falling 1.88% to Rs 106.65 in intra-day. Shares of Reliance Industries Ltd on the other hand rose by 1.36% to close at Rs 1,088.25.
Reliance Jio has crossed the 100 million customers mark in 170 days of launch, Ambani said today as he announced a slew of offers, including 20% more data than any rival from April. Reliance Jio, he said, will continue to offer free voice calls and national roaming post April 1, when its promotional free voice and data offer ends. For existing customers, he announced that the current benefits will continue under a new tariff plan for another 12 months by payment of Rs 303 per month and a one-time joining fee of Rs 99. ALSO READ: 5 Reliance Jio milestones Mukesh Ambani revealed at his 100 million subscribers announcement
BONUS VIDEO: Jio Happy New Year Offer announced to extend free services till March 31, 2017