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Motilal Oswal Report
The much anticipated telecom spectrum auction commenced yesterday with much more aggressive response than expected from telecom companies.
The key highlights are as follows -
The Department of Telecom received a total bid of Rs 770 billion versus the government expectation of Rs 450 billion. This is already ~70% higher than the renewal spectrum requirement across the three telecom operators.
The 800 megahertz band has seen the highest interest, with the bid amount at Rs 375 billion.
1800MHz/2300MHz saw bid amounts of 182 billion/71 billion, while 900MHz of Rs 51 billion.
The remaining bands (700MHz/2100MHz/2500MHz) understandably saw lukewarm or no response.
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