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Telecommunication

Bharti Airtel, Vodafone Idea shares surge after tariff increase

Higher call rates to help boost cash flows of debt-laden operators

Both Bharti Airtel and Vodafone Idea increased the prices of their popular prepaid call tariffs by up to 41%, while Reliance Jio said it is increasing prices by up to 40%.   © Reuters

MUMBAI (NewsRise) -- Shares of Bharti Airtel, Vodafone Idea, and Reliance Jio Infocomm parent Reliance Industries surged Monday amid bets that the operators' move to raise call rates by more than 40% will provide a much-awaited breather to an industry rattled by years of cut-price competition.

Both Bharti Airtel and Vodafone Idea increased the prices of their popular prepaid call tariffs by up to 41%, while Reliance Jio said it is increasing prices by up to 40%. The higher tariffs are effective starting Dec. 3, all the three operators said in separate statements on Sunday.

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