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ICICI Securities Report
The Department of Telecommunications has released its notice inviting applications for the spectrum auction scheduled to start on March 01, 2021.
Spectrum supplies across bands remain excessive (including spectrum coming up for renewal in CY21).
Final auction prices are same as recommended by the regulator in CY18, and 800 megahertz reserve prices are 18.5% lower than the October 2016 reserve prices, while 1800/2300MHz prices have been increased by 14.5% and 17.5% respectively.
700MHz band prices remain significantly high to find any bidders.
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