Airtel, Vodafone Idea shares gain as fears of JioPhone disruption fade

Kolkata: Vodafone Idea (Vi) and Bharti Airtel shares rose sharply after analysts said the higher-than-expected pricing and financing options of JioPhone Next—the 4G smartphone developed jointly by RIL and Google—are underwhelming and won’t cause any market disruption.

Vi and Airtel shares jumped over 7% and 5% in Monday intraday trade on the BSE. Eventually, Airtel shares closed nearly 4 % higher at Rs 712.3 while Vi’s closed 6.4% higher at Rs 10.16.