Moneycontrol BureauTelecom stocks fell between two and three percent intraday Tuesday, especially after Reliance Industries’ chairman Mukesh Ambani announced Reliance Jio tariff plans.Shares of Idea Cellular fell nearly 2 percent intraday, while Bharti Airtel fell over 3 percent.Ambani, in a media briefing, said that the telecom firm had notched 100 million customers mark in 170 days. These users collectively had consumed a whopping 100 crore gigabytes (GB) of data. He announced that calls to other networks will continue to remain free post March 31 as well. Furthermore, a custom-made programme Jio Prime Membership will be available for only current Jio customers and for those who join the network on or before March 31. All of these customers can join for the prime membership for the full year for a nominal one-time fee of Rs 99. The prime members will be able to enjoy happy new offer at Rs 303 a month.Idea Cellular has seen strong movements in the past one month, having risen 51.05 percent, when talks of its merger with Vodafone gathered steam. However, it reversed these gains in the past 3 days, and traded almost flat.At 14:26 hours IST, Idea Cellular was quoting at Rs 107.85, down 0.78 percent while Bharti Airtel was at at Rs 365.70, down 2.65 percent on the BSE.Disclosure: Reliance Jio is a part of Reliance Industries that owns Network 18 Media & moneycontrol.com.
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