 "No revenue growth for incumbent telcos in FY18")
The forthcoming spectrum auction will be focused on spectrum renewals for the three major operators — Bharti Airtel, Reliance Jio, and Vodafone Idea — which could cost them a combined total of Rs 44,000 crore, which is equivalent to the adjusted gross revenues of telcos in the quarter of June 2020.
This will be for merely renewing all the spectrum that expires in the 800, 900 and 1800 bands next year. Based on a complex formula derived from the band that is being bought, the telcos will have to pay Rs 16,300 crore upfront to the exchequer, according to industry
