Bharti Airtel underperforms NSE in Oct-Dec on Reliance Jio worries

The Bharti Airtel stock fell on Friday on worries Mukesh Ambani's Reliance Jio may offer 4G services at cheap prices which may trigger a tariff war for data, said investors.

At 11:07 am, the stock was trading 1.77 per cent lower on the BSE. On the NSE, it fell 1.88 per cent. 

The stock is down 15.3 per cent in October-December quarter so far against 3.3 per cent gain in the Nifty.

RIL expects to start offering 4G telecom services next year.

Bharti Airtel 's foreign currency debt may also lead to mark to market losses amid emerging market currency volatility.

($1 = Rs 63.5150 )

(Reuters)