Bharti slashes mobile roaming charges, shares fall

Bharti Airtel launched yet another new billing plan on Friday, slashing mobile roaming rates by nearly 60 percent and signalling a tariff war in the world's fastest-growing wireless market was far from over.

The announcement accelerated losses in the shares of Bharti, the country's top mobile operator. The stock fell as much as 3.3 percent but trimmed losses to 2.7 percent at 284.90 rupees by 0825 GMT in a Mumbai market that was up 0.3 percent.