Bharti Airtel hits 52-week high, Idea surges over 5%
Thursday, February 23, 2017, 2:26 PM
Shares of Bharti Airtel have surged 11% to its 52-week high of Rs 397, after India's largest network operator, said it would buy Telenor India. Idea Cellular shares also jumped 8.5% to a day's high of Rs 122. Airtel said the deal with Telenor, will boost its spectrum footprint with the addition of 43.4 MHz spectrum in the 1800 MHz band.