Reliance Communications (RCom), Wire and Wireless India Ltd. (WWIL) and Bharti Airtel were among the major gainers during the week.

Bharti Airtel, Asia's leading integrated telecom services provider, grew 5.7% during the week. According to reports, Airtel is planning to offer $13.1 billion in cash to MTN Group and shares for acquiring a 49% stake in the South African telecom major.

There is no certainty that the MTN stockholders will accept the proposal of Bharti Airtel. There is possibility of MTN shareholders demanding for a higher offer from the Indian company. Stockholders holding a combined 75% stake in MTN must sanction the agreement.

Reliance Communication (RCom), an Indian telecommunications company, witnessed a rise of 7% during the week. S Tel and Reliance Infratel contracted an end-to-end telecom infrastructure deal for telecom towers, fibre backbone for intercity connectivity and transmission for BTS sites. RCom will accomplish this deal through its tower subsidiary Reliance Infratel.

S Tel's deal with RCom covers 6 circles i. e. Orissa, Bihar, Himachal Pradesh, NorthEast, Assam and J&K where the telecom operator projects to roll-out its GSM services shortly.

Shares of Bharti Airtel, on Friday closed at Rs 434.80, up 4.39% or Rs 18.30. Total volume of shares traded was 1,791,140.

Shares of RCom, on Friday closed at Rs 265.45, up 0.76% or Rs 2.00. Total volume of shares traded was 1,407,272.