The government sold airwaves worth Rs 77,814 crore in 4G spectrum auction that ended on March 2.
Most large MFs remained underweight on banking and overweight on capital goods
In a market of 1.3 billion with only about a half having access to mobile broadband, the untapped user base still holds much promise
Moody's also expects operators to opt for deferred spectrum payments, thus helping to mitigate the effect on liquidity and cash flows
The US bond yields which have become influential on stock prices, globally, spiked to 1.48 per cent
Telecom company Bharti Airtel on Wednesday said it has raised USD 750 million through allotment of 'unsecured senior fixed rate notes' to eligible investors
Telecom auction fails price discovery test
Reserve price for future auction could be cut, says CLSA
he frontline Nifty50 index made a dash for 15,300-mark in the intra-day trade, and hit a high of 15,273.
DoT may garner Rs 20,000 crore as upfront payment in FY21
About one-third of the spectrum being auctioned is in the 700 MHz band, which was completely unsold during the 2016 auctions
The auction, which put on offer a total of 2308.80 MHz of spectrum worth Rs 4 lakh crore in seven bands, concluded on Tuesday, just a day after it commenced
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90 million additional customers to be covered through the spectrum bought in latest auction, says the telco
Revenue garnered from 4G auction may be much lower than reserve price set at Rs 3.92 trillion
Those at Jefferies believe RJio's primary focus is still on gaining subscribers, which dampens expectations of tariff hikes going ahead
This is to execute its deal for buying additional 20 per cent stake in its DTH arm Bharti Telemedia
The company said the order book was oversubscribed 3x on final pricing, with the peak order book of $5 billion at the time for final price guidance
Airtel has priced $750 million of senior 10.25-year bonds at a yield after adding 187.5 basis points (bps) over the US Treasury, for an implied coupon of 3.25 per cent
This will enable brands to pitch consent-based and privacy-safe campaigns to over 320 million of its customers, the firm said