Market Movers: Bharti Airtel, Vodafone Idea breathe easy even as new JioPhone arrives

MUMBAI: The template is this, Reliance Jio announces or launches something bold and daring, and investors of Bharti Airtel and Vodafone Idea run for cover. The announcement of the launch of the JioPhone Next with its attractive price point was one such.

However, unlike the past when such an announcement would freak out the investors of the other two telecom companies, this time around it provided relief.

While the JioPhone Next is being offered at an attractive price point, the bundled mobile plans being tagged with it are anything but. According to Nomura India, the bundled mobile plans with Jio’s new phone are at a 20-30 per cent premium to regular daily data plans.