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Analysts Prefer Bharti Airtel As Spectrum Auction Continues

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The auction of spectrum waves for the telecom sector has entered 12th day. Till now, the companies have placed bids worth Rs 1,030 billion across the bands ranging between 800-2100 MHz.

The 800MHz band is very much in demand as it witnessed price escalation of 5 per cent yesterday, as per the available data. The 900MHz spectrum is now priced 93 per cent higher than the reserve price.

Analysts tracking the sector are of the view aggressive pricing will expand the balance sheet of the incumbents. However, Bharti Airtel remains the top pick in the sector. Original post at ET Telecom

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Wahengbam Rorrkychand

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Website: http://www.blog.tonsetelecom.com

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