Bharti Airtel, Vi Shares Are in the High on Wednesday Morning

Bharti Airtel had previously closed at Rs 696.20 and then opened at Rs 699.40 on Wednesday. Airtel’s stock/share has already touched a high of Rs 713.40.

Highlights

  • Bharti Airtel had previously closed at Rs 696.20 and then opened at Rs 699.40 on Wednesday.
  • Bharti Airtel and Vodafone Idea (Vi) shares or stocks are in the green on Wednesday morning.
  • Vodafone Idea shares had previously closed at Rs 10.40 and opened on Wednesday at the same price.

Follow Us

Bharti Airtel, Vi Stock price

Bharti Airtel and Vodafone Idea (Vi) shares or stocks are in the green on Wednesday morning. Airtel’s shares have risen more than 2% while Idea (Vodafone Idea or Vi) shares are trading at almost 1% high at Rs 10.50. At the time of writing, Bharti Airtel is trading at Rs 710.95 which is 2.12% in the green.




Bharti Airtel had previously closed at Rs 696.20 and then opened at Rs 699.40 on Wednesday. Airtel’s stock/share has already touched a high of Rs 713.40. At the same time, Vodafone Idea shares had previously closed at Rs 10.40 and opened on Wednesday at the same price. The telco’s high for the day until now is Rs 10.50 only.

So why are Bharti Airtel and Vodafone Idea stocks in the green? Here’s a major reason why it could be this way.

Bharti Airtel and Vodafone Idea Didn’t Have to Pay Penalty of Rs 3,050 Crore

On a recommendation by the Telecom Regulatory Authority of India (TRAI), the Department of Telecommunications (DoT) had asked Vodafone Idea and Bharti Airtel to pay a penalty of Rs 3,050 crore. This penalty has been imposed on the telcos for not releasing enough Point of Interconnects (PoIs) to Reliance Jio back in 2016.

Because of this, 75% of the voice calls on Jio’s networks weren’t connecting. The regulator would have stripped the telecom licenses of Airtel and Vodafone Idea, but it didn’t do that because it would have created havoc in the country as both the operators have millions of customers.

But because the Telecom Disputes Settlement Appellate Tribunal (TDSAT) didn’t sit down to hear the case yesterday, both the telcos didn’t have to pay anything. Further, as per the tribunal’s order, DoT can’t even encash the bank guarantees (BGs) given by the operators.

This could be a major reason why Airtel and Vodafone Idea stocks are in the green since morning.

Reported By

Editor in Chief

Tanay is someone with whom you can chill and talk about technology and life. A fitness enthusiast and cricketer, he loves to read and write.

Recent Comments

TheAndroidFreak :

That's not true. BSNL is setting up sites in villages in Maharashtra with either 700Mhz or 2100Mhz. As far as…

BSNL Reports Rs 262 Crore Profit in Q3, Marking First…

Faraz :

Postpaid could have been very appealing with family plan.. But they don't keep benefits like prepaid.

Has Postpaid Lost Its Appeal in India’s Telecom Industry?

TheAndroidFreak :

Off Topic : This Jio has neither concentrating on mmwave, not on FTTH expansion. FTTH is not accessible to all…

Govt Looking to Ensure 100 Mbps Per Customer With 6G:…

Shivam :

Bsnl volte active karne par bahut drame hai bsnl ko khud service pahuchani chahiye janta tak na ki janta offline…

BSNL Reports Rs 262 Crore Profit in Q3, Marking First…

TheAndroidFreak :

Off Topic : Galaxy A56 : • Exynos 1580 ,LPDDR5, UFS 3.1 • Android 15 , 6 years of updates…

OnePlus 13 and Xiaomi 15 to Feature Qualcomm Snapdragon 8…

Load More
Subscribe
Notify of
guest

0 Comments
Inline Feedbacks
View all comments