Moderate participation expected in spectrum auctions; telecom industry's debt to elevate at Rs 4.6 lakh cr in FY21: ICRA
Rating agency ICRA expects moderate participation for the upcoming spectrum auctions at Rs 55,000-Rs 60,000 crore due to the limited financial flexibility of the industry
Spectrum auctions in India likely in second half of 2020, says Moody's; majority of telecom operators under huge debt
Sale of spectrum in 2019 is unlikely, especially given the telcos' request to the government to restructure their existing spectrum debt
Vodafone and Idea have participated in five auctions before merging their mobile business
The telecom industry will have fewer big players and many more niche players as a result of the recent spectrum auctions which drew revenues of nearly Rs 1.1 lakh crore.
The success of the ongoing spectrum auctions will depend on four players: Idea Cellular, Vodafone, Bharti Airtel and Reliance Jio. How aggressively they bid depends on whether they play to protect existing turf, or to damage their rivals'
The NDa government has indicated that is is planning to raise Rs 2-3 lakh crore through various routes to kickstart public investment and spur growth
One of the rules proposed for telecom M&As is that buyers must pay a market price for the spectrum. This is unnecessary when spectrum anyway has to be paid for when licences expire
Will tariffs rise and telcos end up with loads of debt on balance-sheets after the high-bidding spectrum auction? Probably not. Most probably, the high bid prices will hasten a consolidation in the industry
"Vodafone is only in telecoms and Vodafone has over and over said that we are here to stay. We are here to be one of the main telecom players in India. We love India," Pieters said.
Telecom Minister Kapil Sibal today said the "golden goose" of telecom sector will not lay the golden egg "for a little while", thanks to the Supreme Court judgement.
It is possible that auctions for 900 mhz spectrum band may not be conducted alongside the 1,800 mhz band this time.
Telecom firms owe the government a whopping Rs 9,636.34 crore as outstanding amount for spectrum usage charges and licence fees, Parliament was informed today.
In a strongly worded letter to the Department of Telecom (DoT) this evening, Reliance Jio Infocomm has used part sarcasm, part logic and part bravado to point out that the incumbents' objections on DoT allowing Reliance to offer voice.
The government is likely to get over Rs 23,000 crore through one-time spectrum fee that has been levied on mobile operators for holding spectrum beyond a prescribed limit, Parliament was informed today.
Attorney General (AG) Ghoolam E Vahanvati is likely to appear on February 27 before a Delhi court trying the 2G spectrum allocation scam accused to depose as a prosecution witness in the case.
Telecom operator Sistema Shyam Teleservices (STSL) today submitted application to bid for CDMA spectrum in the upcoming auction.
The government will get Rs 43,011 crore if all the spectrum is sold at at the base price in the auction, Minister of State for Communications and IT Milind Deora said today.
Sistema Shyam Teleservices (SSTL), which offers telecom services under the MTS brand, will be shutting down operations in 10 circles: Assam, Andhra Pradesh...