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By Kanishka Sarkar Oct 7, 2022 11:25:43 AM IST (Published)
Bharti Airtel launched its 5G services in eight cities across India for which customers will have to pay as per their existing 4G plan. Morgan Stanley believes that 5G services for consumers could be priced competitively and that the industry might look to increase 4G base tariff.
Bharti Airtel launched its 5G services in eight cities across India for which customers will have to pay as per their existing 4G plan. Airtel subscribers in Delhi, Mumbai, Chennai, Bengaluru, Hyderabad, Siliguri, Nagpur and Varanasi will be able to use Airtel 5G Plus services in a phased manner, the company announced on Thursday.
Following the launch, Bharti Airtel shares traced their way back into the green territory in early deals but kept swinging to the red soon after on Friday. The stock was trading 0.5 percent higher from the previous close at Rs 792.65 on BSE at 10:29 am.
Global brokerage Morgan Stanley has an overweight stance on the company and expects a further 4.6 percent upside to Rs 825 per share in its shares from Thursday’s closing price.