Reliance AGM: Mukesh Ambani's 45-minute speech cost Bharti, Idea Rs 13,800 crore

[Teufel]

NEW DELHI: Shares of telecom incumbents such as Bharti AirtelBSE -6.36 %, Idea CellularBSE -7.86 % and Reliance CommunicationsBSE -3.80 % nosedived up to 9 per cent on Thursday, as challenger Reliance Jio priced data tariff for its services at as low as Rs 50/GB, kicking off a tariff war.

In what could be the worst nightmare for Bharti Airtel, the current market leader, Mukesh Ambani said Reliance Jio would offer free voice services to its active users.

Shares of Bharti ..

Read more at:
Reliance AGM: Mukesh Ambani's 45-minute speech cost Bharti, Idea Rs 13,800 crore - The Economic Times

 

[Teufel]

LOL

 

[scorpionking76]

Learned their lessons in 45 minutes about goodwill

 

[ApurbSSJ]

 

[DashMajor]

Kya yaar.

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[Devesh]

Good... they loot us all the time.... now its our turn....

 

[Subhashini]

 

[rizhberg]

What is the difference between reliance 4g and jio 4g? are they same or different?

 

[Aviral Sangal]

Share prices of major cable operators also fell after jio announcement. Den, dish and others.

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[scorpionking76]

Let them sink