Bharti Airtel, Vodafone Idea up 7-17% after Jio levies Interconnect Usage Charge

According to CLSA, Jio’s IUC charge is likely to pressure TRAI to abolish the tariff

Shares of Bharti Airtel touched a 52-week high of Rs 384.85, gaining 7 percent and shares of Vodafone Idea added more than 17 percent in intraday trade on October 10.

The movement followed Reliance Jio's announcement that they will be charging an Interconnect Usage Charge (IUC) from customers for calls made to the other networks.

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