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Shares in Vodafone Idea jumped as much as 33% on Friday after the Financial Times reported that Google may take a stake of about 5% in the telecom operator. FT said the process is at a "very early stage".
Vodafone is now charging for calls made outside of its mobile network, which is a big shift from the company’s stance earlier that all calls will remain free for its users.
Hours after Vodafone Idea said it would increase prices, Airtel made similar statement. The company said that prices of its phone services will go up from December.
The board of Bharti Infratel has extended the deadline to complete the merger with Indus Towers by 60 days to December 24, but said that dilution of shares by existing holders will be lesser than earlier announced, thus also lowering the cash to be paid to Vodafone Idea on the telco’s possible exit from the merged entity.
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