According to sources, the spectrum auction payout by various companies stand at -- Vodafone likely to be at Rs 34,500 crore, Bharti Airtel at around Rs 27,500 crore, Idea (Rs 28,000 crore), Reliance Jio (Rs 11,000 crore) and Reliance Communications (Rs 2,300 crore).
GV Giri, Telecom Analyst of IIFL is negative on Reliance Communications. “One can buy Bharti Infratel,†he adds.
GV Giri, Telecom Analyst of IIFL advises buying Idea Cellular and Bharti Airtel. Idea is the top pick, he adds.
Stocks in the telecom sector have had a big rally today and some of it is in expectation that tariff hikes will follow in the voice segment as early as next week. In an interview to CNBC-TV18, GV Giri of IIFL said tariff hikes in the voice segment by next week is certainly possible in a more calibrated manner.
The Union Cabinet headed by Prime Minister Manmohan Singh today has approved a one-time spectrum charge on all existing telecom operators. GV Giri of IIFL does not see any material impact on stocks
GV Giri, analyst at IIFL Institutional Equities believes the tariff hikes would not influence their sales volumes too much but, may result in some revenue growth given the low price elasticity.
Yesterday, the telecom regulator Telecom Regulatory Authority of India (TRAI) submitted recommendations regarding the 2G spectrum auction. In an interview to CNBC-TV18, experts speak about the regulations and give their outlook going forward.
Sandeep Shah of Sampriti Capital said the market appears to have already factored in the winners and the losers post the 2G verdict.
Experts in an exclusive interview with CNBC-TV18 analyze the implication of the verdict in to the corporate world and the market.
Telecom analyst of IIFL, GV Giri says that if the step towards uniform licensee is taken it will bring transparency in the sector.