telcos in India

June 24th, 2016 3:47 PM 0 COMMENTS

Stressed balance sheets, debt to restrict telcos’ bid for spectrum under Rs 80,000 cr: Report

Stressed balance sheets of telecom operators and underdeveloped ecosystem for the premium 700 MHZ band may restrict bids for the upcoming spectrum auction to Rs 80,000 crore. Notably, the Indian government received bids worth Rs 1.1 lakh crore in the last auction. The Indian Cabinet earlier this week approved the mega spectrum auction plan, in which airwaves worth Rs 5.66 lakh crore for mobile services will be put up for auction. This... Read More

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