Jan 30, 2015 at 13:15 | Source: PTI
Government has issued details for auctioning 5 Mhz of 3G spectrum across 17 out of 22 service area at a pan-India base price of Rs 3,705 crore per megahertz.
Jan 29, 2015 at 13:02 | Source: PTI
Eyeing a record-high spectrum sale of Rs 1 lakh crore, the government yesterday fixed the base price for 3G auction at Rs 3,705 crore per mega hertz which itself can fetch over Rs 17,000 crore from this band.
Jan 29, 2015 at 12:00 | Source: Moneycontrol.com
Telecom stocks like Bharti Airtel and Idea Cellular are under pressure, down 2-3 percent after the Cabinet approved 3G auction reserve price at Rs 3,705 crore which is 36 percent higher than the trai recommendation and 10.6 percent higher than the previous 3G auction held in 2010.
Jan 29, 2015 at 10:20 | Source: CNBC-TV18
On cash availability, Himanshu Kapania, MD of Idea Cellular says the company is well-placed to renew existing spectrums in 900 MHz band. In its Q3 results, the company reported cash profit of around Rs 2,000 plus crore. Next year it expects to generate Rs 10,000 crore cash profit.
Jan 29, 2015 at 09:15 | Source: CNBC-TV18
Naveen Kulkarni of PhillipCapital does not think Idea Cellular and Vodafone will bid aggressively for the 2100 MhZ band. Bharti will be active in the space, he adds.
Jan 28, 2015 at 20:28 | Source: PTI
The government has extended the last date to February 3 for submission of technical bid for coal block auction.
Jan 28, 2015 at 18:46 | Source: Moneycontrol.com
The Cabinet has decided on a reserve price of Rs 3705 crore per Mhz for the 2100 Mhz band for the upcoming spectrum auctions, telecom minister Ravi Shankar Prasad said here today.
Jan 28, 2015 at 17:58 | Source: CNBC-TV18
The reserve price for 3G spectrum will be set 36 percent higher than what TRAI had recommended, CNBC-TV18's Malvika Jain reports, quoting sources.
Jan 27, 2015 at 22:01 | Source: CNBC-TV18
Indian art and artists are finally getting their due, thanks partly to auction houses. One of India's foremost art institution and auction house - Osians has had quite a few struggles. Osian's founder and chairman thinks it's time they moved to do things a bit differently - with the launch of Osianama - an arts, auto, cinema and culture centre.
Jan 27, 2015 at 20:31 | Source: CNBC-TV18
Himanshu Kapania, MD, Idea Cellular, said the company will bid for some circles in upcoming 3G auction and remaining at a later date. He expects the auction strategy to remain aggressive and competitive.