Finally the result is out and here we see an unknown company Infotel Broadband Services winning PAN India License. According to the provisional results announced by Department of Telecommunications (DoT) The Infotel Broadband Services has won bid for all the 22 circles while Aircel won 8, Bharti Airtel and Qualcomm won in 4 circles, Tikona in 5 and Augere 1 circle. The Government run telecom operators BSNL and MTNL has been given spectrum already, will have to pay the equivalent of the winning bid in each service area.
Showing posts with label Telecom. Show all posts
Showing posts with label Telecom. Show all posts
Friday, June 11, 2010
Tuesday, May 25, 2010
Indian market Snapshot for May 2010
3G auctions to aid biggest India deficit cut in 19 years
Finance Minister Pranab Mukherjee said India’s auction of wireless air waves may pay for its biggest budget-deficit reduction in 19 years, as the government expects to earn at least 600 billion rupees ($13.3 billion) from the sale. Earnings from the auction may be “over and above” the budget estimates for the current year. Companies such as Vodafone and Bharti Airtel may pay 250 billion rupees more than the government earlier estimated for the right to provide high-speed mobile services. Higher revenue will help Mukherjee slash the budget shortfall to 5.5 percent of gross domestic product in the current financial year.
Saturday, May 22, 2010
Complete Story of 3G Spectrum India
India’s auction for 3G GSM Service licence ended on 21st May with bids for pan-India licence touching as high as Rs 16,751 crore which ensures the Government of India a revenue of Rs 67,719 crore.
India happens to be most lucrative market for telecom due to high population and low teledensity. In last 2 years we have seen hyper competition due to entry of 4-5 new telecom operator dragging the tariff plans to as less as half a paisa per second.
Recently all the telecom stocks have taken a beat due to low margins as well as market was sceptical that the telecom companies earnings would take a beating due to paying of license fees for 3 G spectrum as well as investment in creating the infrastructureand backbone for the same.
The 3G auction had commenced on 9 April, 2010.There were nine bidders in the fray for the slots of 3G spectrum on the block. The government auctioned three slots in 17 telecom service areas and four slots in the remaining five states of Punjab, Bihar, Orissa, Jammu and Kashmir and Himachal Pradesh.
India happens to be most lucrative market for telecom due to high population and low teledensity. In last 2 years we have seen hyper competition due to entry of 4-5 new telecom operator dragging the tariff plans to as less as half a paisa per second.
Recently all the telecom stocks have taken a beat due to low margins as well as market was sceptical that the telecom companies earnings would take a beating due to paying of license fees for 3 G spectrum as well as investment in creating the infrastructureand backbone for the same.
The 3G auction had commenced on 9 April, 2010.There were nine bidders in the fray for the slots of 3G spectrum on the block. The government auctioned three slots in 17 telecom service areas and four slots in the remaining five states of Punjab, Bihar, Orissa, Jammu and Kashmir and Himachal Pradesh.
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