Corporate News
Rival telcos' deft moves in spectrum auction may compound Voda Idea's woes: Report

The positioning of Vodafone Idea which picked up modest 11.80 MHz spectrum - could potentially "worsen" as rival telcos will be able to boost their coverage and capacity after buying additional radiowaves in the just-concluded auctions, according to a report. Vodafone Idea has acquired spectrum to cover minor gaps in five circles for Rs 1,993.4 crore, while Bharti Airtel shelled-out nearly Rs 18,700 crore for 355.45 MHz radiowaves and Reliance Jio a whopping Rs 57,123 crore for 488.35 MHz spectrum.

News Source:- https://economictimes.indiatimes.com/industry/telecom/telecom-news/rival-telcos-deft-moves-in-spectrum-auction-may-compound-voda-ideas-woes-report/articleshow/81330694.cms?utm_source=ETTopNews&utm_medium=HP&utm_campaign=TN&utm_content=23