Brokerages remain muted on Reliance Comm, Idea post draft telecom policy

Ritu Jindal & Kshitij Anand, ECONOMICTIMES.COM Oct 11, 2011, 02.20pm IST

Tags:

• Romal Shetty|
• Reliance Industries Ltd.|
• KPMG

NEW DELHI: Shares on Bharti Airtel and Idea Cellular Ltd rose over 4% in trade on Tuesday after the telecom minister unveiled the draft telecom policy 2011 on Monday.
Under the proposed policy, which is likely to be in place by the end of this year, the government plans to create a "one-nation one-license" rule, indicating operators will have to forgo roaming charges that currently account for nearly 10% of their total revenues.
"In the short-term, removal of roaming charges will be negative for telecom companies," said Romal Shetty, National Head, Telecom, at KPMG.
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