Reliance Industries Gains As Jio To Charge For Calls Made To Other Networks

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Shares of Reliance Industries rose as much as 3.03 per cent to Rs. 1,366 on the BSE a day after its telecom arm reliance Jio Infocomm announced that it will charge 6 paise per minute for outgoing calls made to other network operators like Bharti Airtel and Vodafone Idea. On the National Stock Exchange, Reliance Industries shares rose as much as 3.11 per cent outperforming the Nifty 50 index which was down 0.28 per cent. (Also Read: Reliance Jio To Charge 6 Paise Per Minute For Making Calls To Other Networks)

Jio’s move to charge 6 paise per minute for calls made to other network operators like Bharti Airtel and Vodafone Idea is in line with the Interconnect Usage Charge or IUC fixed by the telecom regulator Telecom Regulatory Authority of India (TRAI). Interconnect Usage Charge or IUC is a cost paid by one mobile telecom operator to another, when its customers make outgoing mobile calls to the other operator’s customers. These calls between two different networks are known as mobile off-net calls, Reliance Jio said in a press release.

“Calls made to other mobile operators will be charged at the prevailing IUC rate of 6 paise per minute through IUC top-up vouchers till such time that TRAI moves to zero termination charge regime,” Reliance Jio said.

Jio will not be charging anything for Jio to Jio calls, all incoming calls, Jio to landline calls and calls made using WhatsApp or FaceTime and similar platforms.

Jio has also assured its customers that the 6 paise per minute charge on outgoing off-net mobile calls shall continue only till the time TRAI abolishes IUC, in line with its present regulation.

As of 11:06 am, Reliance Industries shares traded 2.69 per cent higher at Rs. 1,360.35.

Source By NDTV

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