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Reliance Industries, Bharti Airtel, Vodafone Shares: Telecom Shares Gain After Spectrum Auction 2021 Concludes

Shares of telecom operators - Bharti Airtel, Reliance Industries-owned Jio gained today
Share price of telecom operators Bharti Airtel and Reliance Industries surged on Wednesday, March 3, a day after the companies purchased radiowaves in the spectrum auction 2021. In the two-day spectrum auction, 855.60 MHz of spectrum was bought for ₹ 77,814.80 crore. On Wednesday, Reliance Industries surged over two per cent on the BSE. It opened at Rs 2121.70, touching an intra day high of Rs 2157 and an intra day low of Rs 2107.20, so far. Shares of Bharti Airtel opened on the BSE at Rs 548.25, touching an intra day high of Rs 550.5 and an intra day low of Rs 540.25, so far. ( ....

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Bharti Airtel Share Price: Bharti Airtel Gains After Acquiring 355.45 MHz Spectrum For Rs 18,699 Crore

Bharti Airtel Share Price: Shares last traded 1.25 per cent higher at Rs 538.95 on the BSE.
Shares of Bharti Airtel gained around two per cent on Tuesday, March 2, after the communication service provider announced that it has acquired 355.45 MHz spectrum across Sub GHz, mid band, and 2300 MHz bands for a total amount of Rs 18,699 crores in the latest spectrum auction conducted by the government. Through the auction, Airtel has strengthened its mid band and capacity spectrum holdings that will help it provide better customer experience at the marginal capex. All of the spectrum will enable Airtel to deliver 5G services in the future. On Tuesday, Bharti Airtel opened on the BSE at Rs 542.95, touching an intraday high of Rs 543.95 and an intraday low of Rs 529.05, so far. ....

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