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Telecom stocks gain after mobile spectrum auction

Last Updated: Friday, February 14, 2014, 10:53

Idea Cellular rose as much as 6.7 percent, while Bharti Airtel rose 4.8 percent after both won airwaves in premium 900 megahertz band spectrum.

Vodafone, Airtel win spectrum; Govt gets Rs 61,162 cr

Last Updated: Thursday, February 13, 2014, 21:42

Vodafone Group and Bharti Airtel won critical wireless telecom spectrum in metros like Delhi and Mumbai and several other cities in an intensely fought 10- day auction that gave the government over Rs 61,162 crore, far exceeding its own target.

Govt rakes in Rs 61,162 cr from spectrum auction: Sibal

Last Updated: Thursday, February 13, 2014, 21:15

It has ensured a minimum revenue of Rs 18,296.36 crore to the government in the current financial year ending March 31.

Spectrum auction ends; govt receives bids worth over Rs 60K cr

Last Updated: Thursday, February 13, 2014, 17:41

The auction for 900 Mhz and 1800 Mhz bands saw strong contest for the radiowaves among eight telecom companies, with the bidding stretching to 68 rounds.

Spectrum auction into 10th day, bidding starts from Rs 61K crore

Last Updated: Thursday, February 13, 2014, 10:45

Spectrum auction on Thursday entered the 10th day of bidding and started off from Rs 61,091.83 crore in terms of value.

Spectrum auction bids cross Rs 61,000 cr

Last Updated: Wednesday, February 12, 2014, 21:56

Aggressive bidding was seen on the 9th day of telecom spectrum auction for 1800 Mhz band, taking the total value of radiowaves to Rs 61,093.83 crore Wednesday.

Spectrum auction takes off from Rs 58,980 cr on 9th day

Last Updated: Wednesday, February 12, 2014, 11:42

Spectrum auction took off today from Rs 58,980.29 crore mark with demand for the premium 900 Mhz band seemingly tapering off at the end of 56 rounds.

Bids worth Rs 59K cr pour in for spectrum by end of day 8

Last Updated: Tuesday, February 11, 2014, 22:20

The government has received about Rs 59,000 crore of bids in the ongoing auction of telecom spectrum at the end of the 8th day, with demand for the premium 900 Mhz band appearing to taper off.

Spectrum auction takes off from Rs 58,332 crore on 8th day

Last Updated: Tuesday, February 11, 2014, 13:12

The ongoing spectrum auction commenced for the eighth day on Tuesday, entering the 50th round, with the government already receiving bids worth Rs 58,332 crore.

Telecom stocks tank up to 8.5% amid mobile spectrum auction

Last Updated: Monday, February 10, 2014, 20:43

Shares of Idea Cellular tanked 8.43 percent, while Reliance Communications lost 3.95 percent on the BSE.

Govt to get at least Rs 16,750cr from spectrum sale this fiscal

Last Updated: Sunday, February 09, 2014, 18:46

Telecom Secretary MF Farooqui said that there will a realisation of at least Rs 16,750 crore in the current fiscal if operators opt to pay in instalments.

Spectrum bids reach Rs 56,190 cr after 40 rounds of auction

Last Updated: Saturday, February 08, 2014, 18:49

Government has received bids worth Rs 56,190 crore from telecom companies after 40 rounds of bidding on the sixth day of the ongoing spectrum auction Saturday for 900 Mhz and 1800 Mhz bands.