Ethical Research - Airtel reacts to Jio's move of charging 6p/ minute

Reliance Jio on Wednesday said it will charge customers 6 paise per minute for voice calls made to rival networks till IUC charges are eliminated.

Reacting to this news, without naming Jio, Bharti Airtel said in the statement that, “one of our competitors has imposed a rate of 6 paise for all off-net calls made to other operators to cover the termination charge of IUC (Interconnect Usage Charge). They have gone on to suggest that TRAI has re-opened this issue”.

Stock view:

Bharti Airtel Ltd is currently trading at Rs373.45, up by Rs14.2 or 3.95% from its previous closing of Rs359.25 on the BSE.

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