The telecom sector-related stocks are on the roll, as the Department of Telecommunications on Monday selected 13 prominent cities for the 5G rollout. In this regard, major telecom companies, including other related companies' stocks have jumped up to 10 per cent intraday Tuesday. 

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Mahanagar Telephone Nigam Limited (MTNL) and Tata Teleservices Maharashtra Limited (TTML) have seen the major impact of the news with an upper circuit of 10 per cent and 5 per cent, respectively. The former froze at Rs 38.95 per share - also a new 52-week high, while the latter at Rs 178.9 per share. 

 

Besides, major telecom stock such as Vodafone Idea gained around 4 per cent to Rs 13.98 per share. Bharti Airtel up over 1 per cent at Rs 683.3 per share, and Reliance Jio backed by Reliance Industries, was up around 1 per cent at Rs 2,392.75 per share intraday on the BSE. 

The Department of Telecommunications (DoT) on Monday announced that commercial 5G services will be rolled out in 13 Indian cities in India, including the metropolises, in the new year 2022.According to the DoT release, 5G services could initially be launched in Delhi, Gurugram, Mumbai, Pune, Chennai, Kolkata, Bengaluru, Hyderabad, Chandigarh, Lucknow, Ahmedabad, Gandhinagar, and Jamnagar. 

The BSE Telecom index was one of the prominent gainers, up over 1 per cent at around 02:21 pm as compared to 0.7 per cent rise in the BSE Sensex. 

Telecom service providers have asked the government to keep the 5G spectrum prices affordable to enable maximum industry participation. 

Other telecom sector-related stocks such as GTL Infra and ITI have also rallied nearly 5 per cent each intraday. While Tejas Network, HFCL, Sterlite Technologies, Onmobile Global, Tata Communications and Route Mobile are the other prominent gainers.