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    Idea rises, Airtel dips after June subscriber data

    Idea rises, Airtel dips after June subscriber data

    Idea rises, Airtel dips after June subscriber data
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    By CNBC-TV18  IST (Published)

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    While Airtel user base grew only by 10,000 to 34.46 crore, Idea’s base jumped by 64 lakh subscribers to 22.06 crore.

    Shares of telecom service provider Bharti Airtel slipped as much as 2 percent, while rival Idea Cellular’s rose more than 3 percent on Tuesday after TRAI's figures showed that the country’s mobile phone customer base rose 1.4 percent to 115 crore in June from May.
    While Airtel user base grew only by 10,000 to 34.46 crore, Idea’s base jumped by 64 lakh subscribers to 22.06 crore.
    Intra-day, Idea Cellular traded between a high of Rs 54.95 and a low of Rs 52.75. The stock had fallen 51 percent this year, while Bharti Airtel ranged between Rs 370.40 and Rs 363.10 in intra-day trade. The stock has lost 30 percent in value so far this year.
    Reliance Industries was higher by 1.19 percent as reports indicated that Reliance Jio added over 9.71 million users in June, taking its subscriber base well past 21.5 crore.
    Meanwhile, the Sensex was trading at 38,307.46, higher by just 28.71 points, or rising by 0.08 percent at 1.30 pm. The NSE Nifty 50 was up 15.50 points, or by 0.13 percent, at 11,567.25.
    BSE Telecom was down by 0.20 percent.
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    Disclosure: RIL, the promoter of Reliance Jio, also controls Network18, the parent company of CNBCTV18.com.
    (With inputs from Reuters)
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