Leading telcos seek to defer spectrum auction

Written By Unknown on Jumat, 31 Oktober 2014 | 23.26

In a letter to Telecom Minister Ravi Shankar Prasad, they have also written that operators whose permits are expiring in 2015-16 may be allowed to continue with their existing in-use spectrum.

Leading telecom firms have said the government should defer the upcoming spectrum auction till the time adequate radiowaves are made available across bands.

In a letter to Telecom Minister Ravi Shankar Prasad, they have also written that operators whose permits are expiring in 2015-16 may be allowed to continue with their existing in-use spectrum.

The operators, Bharti Airtel , Vodafone, Idea Cellular  and Reliance Communications , have proposed to pay the price discovered in February 2014 for 1800 MHz with 900 MHz multiplier as recently recommended by telecom regulator Trai.

"This may be adjusted subsequently if required, for the price discovered in the next round of auctions," the letter said, a copy of which has also been marked to Prime Minister Narendra Modi.

The operators said conducting auctions in an environment of spectrum shortage, has serious implications on investments, predatory pricing and continuity of services and on public interest.

"We believe that our proposed solution will be in public interest as it will protect the revenues of government, ensure continuity of service to subscribers, security of existing investments as also maintain/restore investor confidence in the sector," the letter said.

Bharti Airtel stock price

On October 31, 2014, Bharti Airtel closed at Rs 398.30, down Rs 9.2, or 2.26 percent. The 52-week high of the share was Rs 419.90 and the 52-week low was Rs 282.10.


The company's trailing 12-month (TTM) EPS was at Rs 19.52 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 20.4. The latest book value of the company is Rs 166.93 per share. At current value, the price-to-book value of the company is 2.39.


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