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Airtel, Idea, RComm & Vodafone May Collectively Bid Rs 74,000 Crore For Spectrum

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India’s top four telecom operators are likely to collectively bid aboutRs 74,000 crore in the upcoming spectrum auctions, brokerage HSBC has estimated as it expects these companies to prioritise 900 MHz airwave renewals over boosting their 3G spectrum holdings.

According to the brokerage, Bharti Airtel and Idea Cellular will bid not more than Rs 22,000 crore each in next month’s spectrum sale while pegging Vodafone India’s bid at up to Rs 24,000 crore and Reliance Communications’ at not more than Rs 6,000 crore.

The operators are likely to factor in existing debt, incremental capex needs for data business and fallback cash reserves to acquire super-efficient 4G airwaves in the 700 MHz band in the near future, HSBC has said.
Original post at ET Telecom

Wahengbam Rorrkychand

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