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Reliance Communications, has hiked call prices by 25 percent in four service zones. The company said it will extend the hike to all zones in the next 30 days.
In a statement the Reliance Communications said on Friday that it increased the base call price to 1.5 paisa a second from 1.2 paisa giving rising costs and lower competition reason.
"We have seen on ground competition tapering off. Hence we need to restore back the price," Gurdeep Singh, chief executive of Reliance Communications' mobile business was quoted by Reuters as saying.
Shares in Reliance Communications rose more than 4 percent on Friday with rivals Bharti and Idea Cellular surging 3.5 percent 1.7 percent respectively on speculation that other telecom companies will follow Reliance Communications' move.
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In a statement the Reliance Communications said on Friday that it increased the base call price to 1.5 paisa a second from 1.2 paisa giving rising costs and lower competition reason.
"We have seen on ground competition tapering off. Hence we need to restore back the price," Gurdeep Singh, chief executive of Reliance Communications' mobile business was quoted by Reuters as saying.
Shares in Reliance Communications rose more than 4 percent on Friday with rivals Bharti and Idea Cellular surging 3.5 percent 1.7 percent respectively on speculation that other telecom companies will follow Reliance Communications' move.
Object reference not set to an instance of an object.