Shares of telecom services provider are in demand in otherwise weak market on hopes the government may reduce spectrum price for the upcoming third round of auctions.
Idea Cellular, Bharti Airtel and Reliance Communications are up 1-4% on the Bombay Stock Exchange (BSE), as compared to 1.2% fall in benchmark Sensex at 1124 hours.
On Tuesday, the Telecom Regulatory Authority of India (TRAI) released consultation paper on valuation and reserve price of spectrum for the third auction.
“TRAI has invited comments on the quantity of spectrum that should be kept for auction, time that winner of airwaves should be given to roll out network and the method to be used for valuation and estimation of reserve price,” the PTI report suggests.
The regulator has also hinted at the possibility of lowering the base price for spectrum. In the paper, it said using the 3G spectrum price as the base to work out the value of spectrum in another frequency band was akin to comparing apples with oranges.
TRAI has sought view from parties interested in the process by August 14, counter comments by August 21. It will also hold an open house discussion on the subject on August 26.
Among the individual stocks, Idea Cellular has rallied nearly 5% to Rs 154, followed by Bharti Airtel (up 2% at Rs 337) and Reliance Communications (up 1.5% at Rs 139).
Idea Cellular, Bharti Airtel and Reliance Communications are up 1-4% on the Bombay Stock Exchange (BSE), as compared to 1.2% fall in benchmark Sensex at 1124 hours.
On Tuesday, the Telecom Regulatory Authority of India (TRAI) released consultation paper on valuation and reserve price of spectrum for the third auction.
“TRAI has invited comments on the quantity of spectrum that should be kept for auction, time that winner of airwaves should be given to roll out network and the method to be used for valuation and estimation of reserve price,” the PTI report suggests.
The regulator has also hinted at the possibility of lowering the base price for spectrum. In the paper, it said using the 3G spectrum price as the base to work out the value of spectrum in another frequency band was akin to comparing apples with oranges.
TRAI has sought view from parties interested in the process by August 14, counter comments by August 21. It will also hold an open house discussion on the subject on August 26.
Among the individual stocks, Idea Cellular has rallied nearly 5% to Rs 154, followed by Bharti Airtel (up 2% at Rs 337) and Reliance Communications (up 1.5% at Rs 139).
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%