Telecom scrips to hog the limelight after spectrum auction

India’s largest telecom sector auction has finally concluded on Thursday, October 6. Centre has fetched Rs 65,789.12 crore from the concluded auction. Vodafone India and Bharti Airtel emerged as the biggest buyers of 4G airwaves, followed by newcomer Reliance Jio Infocomm and Idea Cellular. 

Bharti Airtel, India’s largest telecommunications services providers, on October 7, informed the bourses that it has acquired 173.8 Mhz spectrum across 1800/2100/2300 MHz bands for a total consideration of Rs 14,244 cr in the latest spectrum auction conducted by the Department of Telecom, Government of India.

Idea has acquired additional 2x74.6 MHz spectrum in FDD technology on 1800 and 2100 bands, and 200 MHz of capacity spectrum in TDD technology on 2300 and 2500 bands. This has enabled Idea to complete its mobile broadband footprint across all 22 licensed service areas in India and also has equipped the company with substantial capacity spectrum required for meeting data capacity needs for its ever growing 180 million customer base.

Reliance JIO which has made a lot of headwinds has also announced its acquisition of 269.2 MHz spectrum in the 800MHz, 1800MHz and 2300 MHz bands. The scrips of these telecom giants will be in focus on October 7.