Spectrum auction concludes; fetches Rs 11340 crore to the exchequer
News: Bharti Airtel acquired 97 MHz spectrum in 900 MHz, 1,800 MHz and 2,100 MHz frequency bands for ₹ 6,857 crore for a period of 20 years. Reliance Jio bought 14.4 MHz of spectrum worth ₹ 974 crore and Vodafone Idea bagged 30 MHz of spectrum worth ₹ 3,510 crore.
Views: We highlight that Vodafone Idea renewed 900 MHz in three circles , while it marginally topped up few spectrum in 900 MHz in 7 circles and 1 circle each in 1800 MHz and 2500 MHz. Jio largely topped up mid band 1800 MHz spectrum in two circles. Airtel renewed its spectrum in 5 circles and added sub-Gigahertz and mid band spectrum (1800 MHz and 2600 MHz) to enhance indoor coverage.
ICICI Securities Ltd. ( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Centre, H. T. Parekh Marg, Churchgate, Mumbai - 400020, India, Tel No : 022 - 2288 2460, 022 - 2288 2470.I-Sec is a SEBI registered with SEBI as a Research Analyst vide registration no. INH000000990.. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The information mentioned herein above is only for consumption by the client and such material should not be redistributed.
The information contained herein is strictly confidential and meant solely for the selected recipient and may not be altered in any way, transmitted to, copied or distributed, in part or in whole, to any other person or to the media or reproduced in any form, without prior written consent of ICICI Securities Limited. The contents of this mail are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. While due care has been taken in preparing this mail, I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any inaccurate, delayed or incomplete information nor for any actions taken in reliance thereon. This mail is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject I-Sec and affiliates to any registration or licensing requirement within such jurisdiction