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BW Businessworld

R-Comm Shares Jump Over 14%

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Shares in Reliance Communications jumped more than 14 per cent on Monday, on expectations call tariffs were set to improve helping profitability of telecom companies.

Top mobile firm Bharti Airtel raised call tariffs in some of its telecoms zones, triggering expectations other firms will follow suit in a market that has one of the world's cheapest call rates.

At 1:54 p.m. (0824 GMT), shares in Reliance Communications were up 14.6 per cent while the broader index climbed 0.6 per cent.

(Reuters)