Next spectrum auction could see telecom companies spending Rs 1 lakh crore
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As per reports, the top three telecom carriers of India, viz. Bharti Airtel, Vodafone India and Idea Cellular, will most likely account for 55-60% of this amount, so that they can buy enough spectrum to be ready to battle Reliance Jio Infocomm's entry.
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"Unlike previous auctions, operators do not face business continuity issues this time, but we expect reasonably healthy participation as incumbents will ramp up their 3G and
It was last month that the Union cabinet had said that this will be India's biggest spectrum sale, since the government is planning to auction over 2200 MHz of airwaves across 4G bands (700 MHz, 800 MHz, 1800 MHz, 2300 MHz and 2500 MHz bands), along with the 2100 MHz 3G band.
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