Posted inIndia, South Asia

Airtel and Vodafone rebound, but reprieve may be shortlived

Shares of Bharti Airtel and Vodafone Idea rebounded strongly on Friday after India’s telecommunications tribunal set aside a contentious ruling on predatory pricing that might have affected their market positions. Bharti Airtel rallied by 10% to RS333 (US$4.60) and Vodafone Idea climbed 8% to Rs37.60 (52 cents) on the National Stock Exchange in early trading, before […]