Emkay Global Financial Services has come out with its report on telecom space.
- Supreme Court has passed ruling to cancel 122 licenses for 11 telcos (licenses issued from 2008 onwards). Operators are allowed to operate for 4 months with the existing licenses
- As per the media articles TRAI is expected to come up fresh recommendation on re-auction of licences within next 3-4 months time frame
- Cancellation is a slight positive as cancelled licenses contribute minuscule revenue but it would result in lesser number of operators in the industry. Likely that non-serious operators would not bid in re-auction process
- Idea Cellular
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