Telecom stocks on a roll, Airtel jumps 4% amid new post-paid plans along with Vodafone Idea

Along with Vodafone Idea, another telecom stock — Bharti Airtel closed higher on Thursday, as the company announces new post-paid plans for corporate and retail customers. The scrip gained over 4 per cent to Rs 548 per share, which is a day’s high level, on the BSE intraday trade today.

The counter which was trading at a day’s low, jumped immediately after filing to exchanges at around 01:45 pm to eventually end around near day’s level to Rs 546.50 per share, up 3.93 per cent on BSE.

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The telecom major in its filing to exchanges said, “Airtel has further simplified its Postpaid plans to offer industry leading data benefits backed by a 5G ready network and superior digital-first customer care. The plans also come with a range of exclusive benefits such as bundled content and business productivity tools, as high-speed data is increasingly becoming a key need for customers.”

A key feedback Airtel received from customers was the need for more data as the entire family’s use of digital platforms has increased manifold, the company said, adding further, the company, as a response, has refreshed its Family Postpaid plans to help its customers navigate the new normal. 

The company has discontinued its 749 Family Postpaid Plan for new customers and will now offer 999 as the only Family Postpaid Plan with enhanced data benefits, Airtel statement’s read. 

It further said that the customers can now add a connection to any Airtel Postpaid plan at just Rs 299 per SIM and get 30 GB additional data (10 GB earlier), unlimited calling and Thanks benefits.

The second-largest telecom company in India, in terms of subscribers, has been doing everything to be 5G ready, as it has signed to different pacts with Intel on July 21, 2021 and Tata Group on June 21, 2021, in order to have efficient and indigenous fifth-generation network solutions to the users.

Similarly, Vodafone Idea shares also surged over 6 per cent to Rs 9.55 per share on the BSE intraday trade today, which is also a day’s high level, amid reports that the government has approved a proposal for an investment of up to Rs 15,000 crore via the foreign direct investment (FDI) route.