Upcoming Spectrum Auction to Hit Hard top Telcos says Credit Suisse

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The success of upcoming spectrum auction might be a tough time for India’s top telcos Bharti Airtel, Vodafone and Idea Cellular, Swiss brokerage firm, Credit Suisse estimates the value of auction to be around $60-70 billion. The firm says even the partial success of  15-20% would account for $10-15 billion would be a serious challenge for operators.

“This is likely to be the largest quantum of spectrum to be sold at once, with an estimated value of $60-to-70-billion, and even a partial sale (say: $10-15 billion) could be a serious hit on operator returns, that is not reflected in stock prices,” said Credit Suisse. “Such once-in 20-year opportunities to buy spectrum will be difficult to pass and we expect incumbents to participate in these future auctions to maintain their market leadership,” Added. Read more


Sweekar S

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