Share price of telecom giant Bharti Airtel and Jio’s parent company Reliance Industries are trading in red on Tuesday, October 3. Meanwhile, shares of Vodafone Idea opened positive in early morning trade.
Airtel share price opened lower at Rs 920.60 per piece on Tuesday, against previous close at Rs 926.40 on Friday last week. Shares of Airtel are in focus today as it witnessed its 5G subscribers expanding to 50 million in just 12 months. At 1:30 pm IST, Airtel shares were trading 0.070% lower at Rs 925.75 per piece.
Whereas, Vodafone Idea share price was trading 2.30% higher at Rs 11.90 apiece at 1:30 pm IST. The shares opened at Rs 11.75 per share on Tuesday’s trading session against previous close at Rs 11.65.
Shares of Reliance Jio’s parent company Reliance Industries fell over 1.10% at Rs 2,319 per share. The shares opened at Rs 2,326 per share on Tuesday, against previous Rs 2,345.
Furthermore,Telecom giant Reliance Jio has raised close to $2 billion (Rs 16,640 crore), which is termed to be the country’s biggest offshore loans in FY24, according to The Economic Times.
A week before the start of the 2023 International Cricket Council (ICC) World Cup, a report from the telecom analyst firm OpenSignal highlights that Reliance Jio's network download speeds at the stadiums surpass those of Airtel and Vodafone Idea significantly.
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To be more precise, the average download speeds for Reliance Jio within the stadium area reach 61.7 Mbps, while its 5G download speeds clock in at an impressive 334.5 Mbps. This represents a notable 25.5% increase compared to Airtel's 5G speed of 274.5 Mbps, as per the findings in the report.