Reliance JIO will charge on Idea, Vodapone, Airtel, customers 6 paise per minute.
Reliance Jio Infocomm Ltd. will charge the customer service 6 paise per minute for calls to competing networks until the time the mobile telecommunications administrator goes into a zero-charge billing system, the company said after the market in Wednesday However, Jio users will be compensated with free data of similar value.
Shares of Vodafone Idea Ltd. and Bharti Airtel Ltd. skyrocketed after the wireless billionaire-controlled carrier Mukesh Ambani said it would terminate free voice calls on its network.
Vodafone Idea collected as much as 18% before the end of the day with 6% profit at the highest price since August. Bharti rose 5% to the highest level since April last year, while the shares of Reliance Industries Ltd. increased for the third day.