Idea, Airtel, Vodafone suffered huge losses after TRAI’s decision to cut IUC

Shares of telecom companies such as Bharti Airtel and Idea Cellular plunged up to 7.4 percent today after Trai reduced mobile interconnection charges (IUC) by more than half to 6 paise a minute. The scrip of Idea Cellular tumbled 7.4 percent to Rs 76.85, Bharti Airtel tanked 6.25 percent to Rs 370, Reliance Communications dipped 4.21 …