Reported 8 months ago
India has initiated a telecom spectrum auction valued at approximately 962.38 billion rupees ($11.53 billion), offering 10 GHz of radiowaves for sale. Analysts foresee subdued participation from companies due to existing spectrum holdings. The auction's reduced spectrum availability signals companies have met earlier bandwidth needs, with players like Bharti Airtel expected to bid for expiring spectrum, while Jio may be more selective. Vodafone Idea is likely to bid for expiring spectrum or to address coverage gaps. The auction, delayed until a new government was elected, may see minimal aggressive bidding as anticipated by analysts.
Source: YAHOO