India kicks off $11.5 billion spectrum auction; analysts expect lacklustre bidding By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 25 2024
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Source: Investing.com
- Telecom Spectrum Auction in India:
- India has put up telecom spectrum worth $11.53 billion for auction, with 10 GHz of radiowaves available.
- Telecom companies are expected to show lacklustre participation as they already have sufficient spectrum from previous auctions.
- The government earns significant revenue from these auctions, granting rights over airwaves to telecom firms.
- Analysts predict subdued bidding activity, with companies like Bharti Airtel and Jio likely to bid selectively.
- VI may only bid for expiring spectrum or to fill gaps due to its financial situation.
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About VOD
Vodafone Group Plc is a telecoms company. The Company provides mobile and fixed services to over 355 million customers in 15 countries, partners with mobile networks in over 40 more and has IoT platforms. In Africa, its financial technology businesses serve almost 92 million customers across seven countries. Its products include Unified Communications, Mobile Connectivity, Fixed Connectivity, Digital Applications, IoT Connectivity, Cloud & Edge, E2E Solutions, and Security. Its unified communications solutions include Microsoft Teams Voice, voice services, and recording services. Its digital applications include Gemini for Google Workspace, Google Workspace, Microsoft 365 Business, and Copilot for Microsoft 365. Its Cloud & Edge services include cloud services, mobile private networks, and multi-access edge computing (MEC). It provides solutions for large and multinational business, small and medium business, international public sector, and carriers and digital service providers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
