Friday, July 22, 2011

Telecom tarriff war ended - Bharti hikes call rates, Telecom stocks hit 52 week high

Bharti Airtel , India's top mobile carrier, has raised call prices by up to 20 percent for prepaid users in some of its Indian telecoms zones, signalling a possible end of the telecom tarrif war.

"Telecom is probably the only industry where despite increasing inflation, tariffs have been falling unabatedly," Bharti said in a statement on Friday.

InvestorZclub has been very bullish on telecom stocks since past 6 months and continue to be bullish on Bharti and Idea in particular in telecom space.
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