InvestorQ : Why did the stocks of Bharti Airtel and Vodafone Idea slip sharply on 23 September?
Anu Biswas made post

Why did the stocks of Bharti Airtel and Vodafone Idea slip sharply on 23 September?

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Ria Jain answered.
1 month ago
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Bharti Airtel and Vodafone Idea fell by over 6% reacting to Reliance Jio rolling out a range of post-paid plans intended to hit the premium customers of both companies. Jio is already the largest player in the telecom space with a dominant market share of over 42%.

While in price terms, most of the similar plans of Jio are 20% cheaper, they also come with the added benefit of OTT subscriptions to Netflix Basic, Amazon Prime and Hotstar VIP. The corporate segment is more sticky but the retail post paid segment could be the target.

Both Airtel and Vodafone are already under financial stress and are unlikely to offer any kind of discount at this point of time.

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