Telecom stocks were trading higher as Department of Telecommunications (DoT) has said commercial 5G services will be rolled out in selected cities in India in 2022. The cities which are set to get the 5G telecom services in 2022 include Gurugram, Bangalore, Kolkata, Mumbai, Chandigarh, Delhi, Jamnagar, Ahmadabad, Chennai, Hyderabad, Lucknow, Pune, and Gandhinagar.
Bharti Airtel is currently trading at Rs. 682.30, up by 6.80 points or 1.01 % from its previous closing of Rs. 675.50 on the BSE. The scrip opened at Rs. 678.00 and has touched a high and low of Rs. 683.30 and Rs. 675.15 respectively.
Vodafone Idea is currently trading at Rs. 13.86, up by 0.40 points or 2.97% from its previous closing of Rs. 13.46 on the BSE. The scrip opened at Rs. 13.53 and has touched a high and low of Rs. 13.98 and Rs. 13.52 respectively.
Mahanagar Telephone Nigam (MTNL) is currently trading at Rs. 38.95, up by 3.50 points or 9.87 % from its previous closing of Rs. 35.45 on the BSE. The scrip opened at Rs. 37.45 and has touched a high and low of Rs. 38.95 and Rs. 37.00 respectively.
Further, it stated that leading telecom service providers Bharti Airtel, Reliance Jio and Vodafone Idea, have established 5G trials sites in these cities. These Metros and big cities would be the first places for launch of 5G services in the country, next year. The fifth-generation is the latest upgrade in the long-term evolution (LTE) mobile broadband networks. While 4G was a great leap forward, allowing people to stream music and video on the go, 5G is designed to connect many more types of devices than smartphones and offers far higher speed and capacity.
Apart from the leading telecom operators and smartphone manufacturers, the government is also involved actively to facilitate the rollout of 5G services. The Department of Telecom has roped in leading research institutions for development and testing of 5G technology. Eight agencies - Indian Institute of Technology (IIT) Bombay, IIT Delhi, IIT Hyderabad, IIT Madras, IIT Kanpur, Indian Institute of Science (IISC) Bangalore, Society for Applied Microwave Electronics Engineering & Research (SAMEER) and Centre of Excellence in Wireless Technology (CEWiT) - are involved in the research project called 'Indigenous 5G Test bed project'.
| Company Name | CMP |
|---|---|
| Bharti Airtel | 1814.70 |
| Vodafone Idea | 9.52 |
| Indus Towers | 402.15 |
| Tata Communications | 1518.95 |
| Bharti Hexacom Ltd. | 1532.65 |
| View more.. | |
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