Stocks

Telecom shares mixed; Voda Idea up over 11%

PTI New Delhi | Updated on February 17, 2020 Published on February 17, 2020

Shares of telecom companies were trading on a mixed note in early market hours on Monday.

While Vodafone Idea stock gained 11.34 per cent to ₹3.83, Bharti Airtel stock was trading 0.27 lower at ₹563.60 on the BSE. State-owned MTNL was down 9.40 per cent to ₹9.35. Tata Teleservices was up 1.83 per cent to trade at ₹3.34.

Reliance Industries, parent of Reliance Jio Infocomm, was trading marginally up by 0.02 per cent to ₹1,487 on the BSE.

Bharti Airtel, Vodafone Idea and Tata Teleservices are jointly liable to pay dues of over ₹1 lakh crore. However, they have informed the Department of Telecom (DoT) of making only partial payment, as per their representatives.

Even state-owned BSNL and MTNL have not paid the dues.

Bharti Airtel on Monday said it had paid ₹10,000 crore to the DoT towards statutory dues.

Vodafone Idea on Saturday said it is assessing the amount that can be paid towards AGR dues, even as it flagged concerns over the continuation of its business.

Reliance Jio on January 23 paid ₹195 crore to the DoT to clear all AGR dues accounted till January 31, 2020.

Published on February 17, 2020
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