Telecom
Stocks Outlook for the week – 23 to 27.05.2016
(Bharti Airtel, Idea may keep trading
in red)
( www.rupeedesk.in )
Stocks of Bharti Airtel Ltd, Idea
Cellular Ltd, and Reliance Communications Ltd are seen continuing their bearish trend in the coming
week. These stocks, which have been trading in the negative territory for the past couple of
weeks, look fundamentally weak and are expected to continue to trade in the red.
The Telecom Regulatory Authority of India has floated a consultation paper, seeking views on free data services. Comments on this regard have to be submitted to the regulator by Jun 16. This provides US-based social networking company Facebook another opportunity to market its services using the Free Basics platform. Facebook had put its plans for Free Basics in India on hold after the regulator had put its foot down on differential pricing for data services, setting a penalty of 50,000 rupees to 5 mln rupees for each day of violation.
The Telecom Regulatory Authority of India has floated a consultation paper, seeking views on free data services. Comments on this regard have to be submitted to the regulator by Jun 16. This provides US-based social networking company Facebook another opportunity to market its services using the Free Basics platform. Facebook had put its plans for Free Basics in India on hold after the regulator had put its foot down on differential pricing for data services, setting a penalty of 50,000 rupees to 5 mln rupees for each day of violation.
