Bharti Airtel and Vodafone Idea are unlikely to renew most of their airwaves, given their surplus holdings. The upcoming auction between three telcos is expected to be tepid as analysts say it is a buyer s market and Jio is expected to be the largest contender.
ETMarkets Morning Podcast (ETMarkets.com)
06:26 Min | January 07, 2021, 8:56 AM IST
Here s a head up to some of the news we are tracking at this hour. Tune in!
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Transcript
Hi there! Welcome to ETMarkets Morning, the show about money, business and markets. I am Nandini Sanyal, and here is what we have to start your day. FPIs continue to bet big on financials Fed officials favour continued bond buying Tata Sons tender Rs 10,000 cr shares in TCS buyback
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And there is more. But first, a quick glance at the state of the markets.. Nifty futures on the Singapore Exchange traded flat at 7:40 am (IST), signalling indecisiveness on Dalal Street.
D-Street Buzz | Telecom stocks ring loud; Bharti Airtel, Vodafone Idea boost to BSE telecom index
Shares of Bharti Airtel jumped over 5 percent and those of Vodafone Idea rose almost 3 percent in intraday trade.
Representative image | Source: Unsplash
Most telecom stocks were trading in the green on the BSE around noon on January 7 on reports that the Department of Telecommunications (DoT) invited applications for the spectrum auction scheduled to start on March 1, 2021.
The union cabinet approved a proposal for the auction of 2,251.25 megahertz (MHz) of spectrum worth Rs 3.92 lakh crore at the base price on December 17, 2020.
Shares of Bharti Airtel jumped more than 5 percent while those of Vodafone Idea rose almost 3 percent in intraday trade, which boosted the BSE telecom index.
BSNL may soon offer 4G services as DoT deploys telco fresh pan India liberalised spectrum
BSNL may soon offer 4G services as DoT deploys telco fresh pan India liberalised spectrum
BSNL has been allotted fresh Pan India liberalised spectrum and an additional block of 5 MHz in the 2100 MHz band in 20 telecom circles by the Department of Telecommunications (DoT).
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(Picture: Reuters)
HIGHLIGHTS
The DoT released the notice inviting applications (NIA) for Spectrum Auction 2021 which will be held in March.
DoT has formally started the 4G spectrum auction process that will include airwaves up to 2500 MHz.
BSNL has been allotted an additional block of 5 MHz in the 2100 MHz band in 20 telecom circlesA