Millennium Post

Day after Flipkart exits Airtel Zero, parent Airtel’s shares slide

Bharti Airtel’s scrip fell by 2.5 per cent on Wednesday, a day after e-commerce major Flipkart walked away from ‘Airtel Zero’-- which is at the centre of a raging debate on ‘net neutrality’.

Shares of Bharti Airtel went down by 2.32 per cent to end the trade at Rs 414.60. In the intra-day session, it had lost 3.58 per cent to Rs 409.25. At the NSE, the stock fell by 2.47 per cent to settle at Rs 415.15. Airtel Zero, as also similar services launched by Reliance Communications and Facebook, among others, have come under attack with critics terming them as attempts to restrict ‘free’ Internet access to select platforms and against the ‘net neutrality’ regime.

Shares of Reliance Communications were also down 1.16 per cent to Rs 72.15 on the BSE. Net neutrality calls for equal treatment to all Internet traffic while any priority given to an application or company on payment basis is seen as violating the concept. 
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