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Tech view: Voda Idea hikes tariffs; what does it mean for telecom stocks?

Topics Voda idea | Tariff hike | Midcaps

Telecom stocks were trading mixed in the late morning deals on Thursday. Earlier this week, cash-strapped Vodafone Idea (VI) announced tariff hikes on select plans as it struggles to retain customers and clear its pending dues. However, the company has moved cautiously by raising the tariff only in limited circles such as Uttar Pradesh. According to a Business Standard report, the tariff hike of Rs 50 has been effected under Vodafone Idea’s RED family pack plans which currently cost Rs 598 and Rs 749, respectively. However, the rates for the remaining eight post-paid plans remain u.....

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