5G Spectrum Auction Day 1 Review - Reliance Jio Bids For 700MHz: ICICI Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.5G spectrum auction day-one concluded on a negative note in our view. Operators picked spectrum worth Rs 1,450 billion ($18 billion), which reflects a modicum of investment indiscipline. We were of the opinion that operators’ priority would be to drive return on invested capital and cashflows higher, but spectrum auctions have never been easy. Though details of the bids are not announced as yet, our analysis shows that Reliance Jio has likely bid for highest spectrum worth Rs 801 billion, and likely opted for 10 megahertz spectrum in 700 MHz band. Bharti Airtel Ltd. may have bid for spectrum worth Rs 450 billion and spent 20% more than our base case. The extra spend is probably for 1800 MHz and 2100 MHz bands. Vodafone Idea Ltd. has likely bid for Rs 184 billion for spectrum, which is within our estimated range. Adani Data Networks should have picked 26 GHz spectrum pan-India, our analysis suggests..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

5G Spectrum Auction Day 1 Review - Reliance Jio Bids For 700MHz: ICICI Securities

5G Spectrum Auction Day 1 Review - Reliance Jio Bids For 700MHz: ICICI Securities

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