<p>Telecom stocks on Wednesday tumbled up to 10 per cent a day after Reliance Jio unveiled its postpaid plans.</p>.<p>Vodafone Ideashares plummeted 10.05 per cent to close at Rs 9.22 on the BSE. During the day, it tanked 14 per cent to Rs 8.81.</p>.<p>Bharti Airtel also tumbled 7.89 per cent to settle at Rs 433.90 after falling 9.99 per cent to Rs 423.95 during the day.</p>.<p>Bharti Airtel was the biggest laggard in the Sensex pack.</p>.<p>"Telco stocks like Vodafone Idea and Airtel plunged after Reliance Jio released a new postpaid tariff plan," said Sumeet Bagadia, Executive Director, Choice Broking.</p>.<p>After unleashing a price war in mobile tariffs and fibre-broadband services, billionaire Mukesh Ambani-led Reliance Jio on Tuesday unveiled postpaid plans, bundling up to 500 GB of data and subscription to Netflix, Amazon Prime and Disney + Hotstar.</p>.<p>JioPostPaid Plus for mobile customers will have a monthly tariff from Rs 399 to Rs 1,499 with different benefits, the company said in a statement.</p>.<p>The move assumes significance as it marks a major tariff offensive by Jio in the postpaid category, where typically average revenue per user (ARPUs) tend to be far higher than the pre-paid segment.</p>.<p>In a statement, Jio said that the main objective of the newly-launched JioPostpaid Plus service is to provide superior services across connectivity, entertainment, and experience.</p>.<p>With its latest postpaid offensive in the intensely-competitive Indian telecom market, Jio is also offering free home delivery and activation as well as premium call centre service.</p>
<p>Telecom stocks on Wednesday tumbled up to 10 per cent a day after Reliance Jio unveiled its postpaid plans.</p>.<p>Vodafone Ideashares plummeted 10.05 per cent to close at Rs 9.22 on the BSE. During the day, it tanked 14 per cent to Rs 8.81.</p>.<p>Bharti Airtel also tumbled 7.89 per cent to settle at Rs 433.90 after falling 9.99 per cent to Rs 423.95 during the day.</p>.<p>Bharti Airtel was the biggest laggard in the Sensex pack.</p>.<p>"Telco stocks like Vodafone Idea and Airtel plunged after Reliance Jio released a new postpaid tariff plan," said Sumeet Bagadia, Executive Director, Choice Broking.</p>.<p>After unleashing a price war in mobile tariffs and fibre-broadband services, billionaire Mukesh Ambani-led Reliance Jio on Tuesday unveiled postpaid plans, bundling up to 500 GB of data and subscription to Netflix, Amazon Prime and Disney + Hotstar.</p>.<p>JioPostPaid Plus for mobile customers will have a monthly tariff from Rs 399 to Rs 1,499 with different benefits, the company said in a statement.</p>.<p>The move assumes significance as it marks a major tariff offensive by Jio in the postpaid category, where typically average revenue per user (ARPUs) tend to be far higher than the pre-paid segment.</p>.<p>In a statement, Jio said that the main objective of the newly-launched JioPostpaid Plus service is to provide superior services across connectivity, entertainment, and experience.</p>.<p>With its latest postpaid offensive in the intensely-competitive Indian telecom market, Jio is also offering free home delivery and activation as well as premium call centre service.</p>