Industry leaders Reliance Jio and Bharti Airtel enhanced their spectrum holdings, purchasing more than their renewal requirements
Idea expects revenues to grow in double digits post-FY19; data capacity set to increase 25-50 times following the merger next year.
Cellular Operators Association of India chief Rajan Mathews tells Moneycontrol that the government should stop charging license fees and spectrum usage charges as it is getting money upfront through spectrum auctions.
JM Financial feels Bharti Airtel may see lower impact of demonetisation as well as the ramp up of user base by Reliance Jio due to lower operating costs, rural exposure and non-mobile EBITDA, among others.
Rating agency Icra today said the recently concluded spectrum auctions will push up operators' debt to Rs 4.25 trillion, and retained its negative outlook on the sector.
Mobile phone companies now can‘t use spectrum scarcity as an excuse for poor quality of services, TRAI Chairman RS Sharma said.
Bharti has been cutting its stake in Infratel, which got listed a few years ago, and this time it could be pared by over 5 percent. At current market capitalisation, this will help the company raise over Rs 3,200 crore.
Discussing the debottlenecking of big projects, BJP president Amit Shah said stalled projects have fallen to 6 percent from 14 percent earlier.
Market leaders Vodafone, Bharti Airtel and Idea are fighting to retain existing licences in the contest, which is expected to conclude this week, while also picking up badly-needed new spectrum in a process complicated by the participation of billionaire Mukesh Ambani's new cash-rich Reliance Jio telecoms venture.
Eight telecom companies have applied for participating in the auctions, including Bharti Airtel, Vodafone, Idea Cellular and Reliance Communications. The licences of four companies are coming up for renewal in certain circles
With the stage set for the spectrum auctions to begin on March 4, top managements at Vodafone, Idea and Reliance Communications are having sleepless nights, reports CNBC-TV18's Malvika Jain.
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.
With this additional spectrum, Uninor will be able to enhance its voice and data capacity by approximately 20 percent to 25 percent in the four existing circles of UP East, UP West, Bihar and Jharkhand and Andhra Pradesh.
The 2G auction is a big hit. After 10 days and 68 rounds the auctions drew to a close today. The centre has exceeded its target from the sale of spectrum. Total bids have crossed Rs 61,000 crore. This will fetch the government over Rs 18,000 crore this fiscal alone.
Sources at very senior level have confirmed that talks between the two companies are in the final stages but the issue as is the case with all M&A deals is now with regards to the valuations
The Aditya Birla group company's move seeking nod for hiking the cap comes ahead of the next round of spectrum auctions scheduled to be held in February 2014.
UBS AG's Suresh Mahadevan is hopeful that the upcoming auctions in December-January will go through smoothly. However, he says that Wednesday's announcements from the Telecom Commission were not very material.
The Competition Commission is likely to look into whether there was cartelisation among telecom players in the recent spectrum auctions, as has been charged by the country's top auditor.
Sistema Shyam TeleServices Limited (SSTL), which offers telecom services under the MTS brand, will be shutting down its operations in Uttar Pradesh (East)...
Sistema Shyam Teleservices (SSTL), which offers telecom services under the MTS brand, will be shutting down operations in 10 circles: Assam, Andhra Pradesh...