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Telcos call truce on price war after Indian court ruling

Benjamin Cher
Benjamin Cher11/22/2019 07:00 AM GMT+08  • 4 min read
Telcos call truce on price war after Indian court ruling
SINGAPORE (Nov 25): The price war between the three main Indian telcos appears to have eased after Bharti Airtel, Vodafone Idea and Reliance Jio announced mobile-data price hikes starting December.
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SINGAPORE (Nov 25): The price war between the three main Indian telcos appears to have eased after Bharti Airtel, Vodafone Idea and Reliance Jio announced mobile-data price hikes starting December.

This news would have come as a relief to Singapore Telecommunications, which has been weighed down by its 35% stake in Bharti Airtel. From being a major earnings driver among its overseas associates, Bharti Airtel became a drag on Singtel instead, as it waged a price war ignited by Reliance Jio.

Vodafone Idea and Bharti Airtel announced their hikes on Nov 18, followed by Reliance Jio a day later. On Nov 21, Singtel shares closed at $3.26, up four cents from Nov 18. Year to date, the stock has gained 13.1%.

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