Bharti Airtel, Vodafone Idea shares plunge up to 9% after Jio launches new post-paid plans
Published On: Wednesday, September 23, 2020 | By: Team KnowMyStock
Shares of telecom service providers, Bharti Airtel and Vodafone Idea (Vi) shares fell up to 9 per cent in Wednesday’s trade after Reliance Jio rolled out postpaid tariff plans, making a concerted bid for the higher paying subscribers of India's older operators. Under the new plans, Jio is offering an extensive content portfolio at a rate which is 6-20 per cent cheaper than Airtel and Voda-Idea. Reliance Jio has introduced new postpaid plans called JioPostpaid Plus that offers a free subscription to OTT platforms Amazon Prime, Disney+ Hotstar, and Netflix and a host of other benefits. It is also offering in-flight connectivity for Indian travellers going overseas, free international roaming in the US and UAE, besides other offers. Jio’s new monthly post-paid tariff plans range from Rs 399 to Rs 1,499, will be available from September 24 in Jio Stores and via home delivery, while Airtel’s postpaid plans start at Rs 499, though Vi’s also begin from Rs 399.
Rjio, which began operations in 2016, has emerged as the largest operator due to aggressive marketing and attractive low cost plans. However, less than 1 per cent of its 398 million plus subscribers are in the postpaid segment.
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