The company has increased the cost of 1 GB of 3G internet usage to Rs 156 from Rs 123 it charged earlier. The Rs 123 mobile internet pack on its 3G network will now offer only 400 MB of internet surfing, which is down by about 60 percent.
Under the high value 3G mobile internet pack of Rs 246 and Rs 492, the company has reduced usage limit from 2GB to 1.5 GB and from 4 GB to 3 GB respectively. No immediate comments were received from RCom in this regard.
As on September 30, 2013, RCom had 9.1 million 3G customers out of 116 million mobile subscriber base on its network.
The increase in mobile internet rate from RCom comes within couple of months after the three major telecom operators - Airtel , Idea Cellular and Vodafone increased their 2G mobile internet rates by similar levels.
The increased 3G mobile internet rates by RCom are at par with 2G mobile internet rates of Airtel, Idea and Vodafone.
RCom has rolled-out 3G services in all the 13 circles covering over 333 towns.
Shares of RCom were trading at Rs 141.1, down 0.84 percent, during afternoon session at BSE today.
Reliance Comm stock price
On December 03, 2013, Reliance Communications closed at Rs 139.55, down Rs 2.75, or 1.93 percent. The 52-week high of the share was Rs 164.45 and the 52-week low was Rs 50.25.
The company's trailing 12-month (TTM) EPS was at Rs 3.49 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 39.99. The latest book value of the company is Rs 160.57 per share. At current value, the price-to-book value of the company is 0.87.
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