CARE Ratings Expects Muted Response To Telecom Spectrum Auction

Mumbai: Even as telecom companies have deposited Rs 14,653 crore for the upcoming spectrum auctions, CARE Ratings on Tuesday said it expects a muted response from operators at the sale as they will look at alternatives like sharing of airwaves. "The auctions may be a bit muted this time as the operators may look at other options, including spectrum-sharing deals, in a more focused manner," the domestic rating agency said in a note. ...