Mar 25, 2015 08:57 PM IST
The spectrum auction, which came to a close after 19 days of aggressive bidding on Wednesday, helped the government garner commitment of Rs 1,09,874 crore from operators.
- Mar 24, 2015 08:54 PM IST
Government's kitty from the telecom spectrum auction on Tuesday rose to Rs 1.09 lakh crore with the provisional allocation of 89 percent radiowaves made at the end of the 18th day.
- Mar 22, 2015 04:01 PM IST
With the spectrum auction entering the 17th day, the government may not get all of the upfront Rs 25,000 crore revenue from the sale it was expecting this fiscal.
- Mar 20, 2015 11:57 AM IST
The government had budgeted Rs 12000 crore from spectrum auction in revised FY15 estimate. However, the government is on course to meet its 4.1 percent FY15 fiscal deficit target.
- Mar 19, 2015 08:00 PM IST
At the end of auction on Wednesday, the spectrum kitty had grown to Rs 1.08 lakh crore with about 89 percent of radiowaves provisionally allocated to the bidders.
- Mar 17, 2015 08:15 PM IST
The government's spectrum auction kitty on Tuesday rose to Rs 1,07,000 crore at the end of 12th day of the biggest sale of 2G and 3G airwaves.
- Mar 13, 2015 09:56 PM IST
It is day 9 of the spectrum auction - total bids stand at over Rs 1 lakh crore despite a marginal dip. Surprisingly, telecom companies are still slugging it out for airwaves across all bands, reports CNBC-TV18's Malvika Jain.
- Mar 12, 2015 10:01 PM IST
Upbeat at the positive outcome of the bidding for the airwaves, Telecom Minister Ravi Shankar Prasad told PTI: "It is a matter of great assurance for us to know that the bid amount on Thursday crossed 1 lakh crore plus closing at Rs 1,02,000 crore."
- Mar 11, 2015 09:19 PM IST
There is still spectrum which is yet to be sold in all the bands, including 900 Mhz which is the spectrum currently held by operators whose licences are expiring in 2015-16.
- Mar 10, 2015 10:02 PM IST
The government has allocated spectrum to bidders of approximately Rs 92,200 crore till now, with majority of service areas going at a premium to reserve price.
- Mar 05, 2015 10:03 PM IST
After a big bang Day-1 in which the government received bids worth Rs 60,000 crore, demand for spectrum has fizzled out on Day-2. Only bids worth Rs 5,000 crore have come in through the day, taking the total bid amount over the last 2 days to Rs 65,000.
- Mar 04, 2015 09:57 PM IST
The bidding will resume tomorrow morning in the auction through which the government was expecting to raise over Rs 82,000 crore. The final amount may go much higher if bids continue at such an aggressive pace.
- Mar 04, 2015 01:10 PM IST
Suresh Mahadevan expects 900 MHz to settle at 60 percent premium. He sees Bharti and Idea spending little over Rs 18,000 crore and Rs 24,000 crore respectively.
- Mar 04, 2015 12:10 PM IST
IIFL has a buy rating on both Bharti Airtel and Idea Cellular. The brokerage has set a target price of Rs 450 per share on Bharti, indicating an upside of 26 percent while it thinks Idea may jump 28 percent. IIFL has a target of Rs 195 on Idea.
- Mar 04, 2015 10:53 AM IST
The auction is the biggest ever sale of 2G and 3G airwaves which may fetch the government over Rs 82,000 crore.
- Mar 04, 2015 07:58 AM IST
The Indian market is expected to open in red today taking cues from the global markets. The SGX Nifty, an indicator of pre-market opening was down 25 points to 9027 in early morning trade.
- Mar 03, 2015 04:10 PM IST
The government plans to sell 380.75 MHz of spectrum in three bands - the premium 900 MHz band, 1800 MHz and 800 MHz, besides 5 Mhz in the 2100 Mhz band across 17 out of 22 telecom areas in the country.
- Feb 28, 2015 04:59 PM IST
Finance minister Arun Jaitley, however, says: "The National Optical Fibre Network Programme (NOFNP) of 7.5 lakh kms, networking 2.5 lakh villages is being further speeded up by allowing willing states to undertake its execution, on reimbursement of cost as determined by DoT."
- Feb 28, 2015 08:58 AM IST
Income tax slabs have always been the most awaited section of the Budget. With the economy showing signs of recovering from the slowdown, speculations are rife if Jaitley will raise the slabs giving a relief to the tax payers across the spectrum.
- Feb 26, 2015 09:44 PM IST
"An overall demand of USD 440 million (1.42 times of base deal size) across the US, Europe and Asia was seen. The allocation was at Rs 350 per share - a discount of 3.7 percent to last 30 day average closing price," Bharti Airtel said in a statement
- Feb 26, 2015 01:50 PM IST
The SC has said spectrum auctions would be subject to court orders, and has asked the government to submit the bidding details to it.
- Feb 19, 2015 09:51 PM IST
Having received bank guarantees worth Rs 20,435 crore, the government is expecting a bumper spectrum auction this fiscal and telcos are hoping to make big moolah at the back of data service growth in the world's fastest growing telecom market, reports CNBC-TV18's Malvika Jain.
- Feb 18, 2015 04:01 PM IST
In FY16, healthy growth in data volumes â€“ spurred by increasing adoption of 3G and 4G services â€“ is expected to lift revenue growth to 14-16 percent, as per CRISIL Research estimates.
- Feb 16, 2015 05:33 PM IST
Today is the last day to submit the applications. Most of the spectrum being put up for the auction is presently held by Airtel, Vodafone, Idea Cellular and Reliance Telecom.
- Feb 13, 2015 03:32 PM IST
In what would come as a jolt to the telecom sector, the government may ask the Telecom Regulatory Authority of India (TRAI) to provide a fresh view on spectrum trading and sharing recommendations, which are expected to be notified this year.