Telecommunications & Technology
The government has not received any interest for the next auction round for the 1800 MHz/900 MHz, which was supposed to commence on 11 March 2013. The government was slated to auction 900Mhz spectrum in 3 metros (Delhi, Mumbai & Kolkata) and 1800Mhz in 4 markets (Delhi, Mumbai, Karnataka & Rajasthan). The 900MHz spectrum in … Read more
Overall we are still relatively cautious on Indian Telecommunications given high valuations, regulatory drama and clearly the 2G auctions continue to drag on. The regulatory landscape has never been easy to call, but with every delay in 2G auctions, the risk of large license renewal payments is reducing. For the upcoming auctions scheduled in March, … Read more
The Cabinet will decide on the proposals to reduce the base price on the 800MHz CDMA spectrum by 30-50%. Although the auctions for CDMA did not attract any participants in November, we believe that Sistema could likely expand its footprint in the CDMA category, since it already owns 2.5MHz of spectrum. The recently concluded auction … Read more