Shares of Airtel, Idea and RCom went up on Thursday after the Union Cabinet approved proposed National Telecom Policy (NTP).
The new telecom policy aims to make the country’s telecommunications sector more transparent, relax merger and acquisition norms to encourage consolidation and also give more teeth to sector regulator and de-link spectrum from licences.
The NTP 2012 aims to provide free roaming to telecom users and allow them to retain the mobile number even outside their circles without having to pay any extra charge.
Shares of Bharti Airtel gained Rs 3.80, or 1.26%, to trade at Rs 305.60. The total volume of shares traded was 82,051 at the BSE (12.41 p.m., Thursday).
Shares of Reliance Communications gained Rs 0.95, or 1.49%, to trade at Rs 64.85. The total volume of shares traded was 754,216 at the BSE (12.41 p.m., Thursday).