![\"\"](\"\/\/www.iser-br.com\/Themes\/Release\/images\/responsive\/ettelecom-default.jpg\")
The steep starting price of pure 5G spectrum<\/a> and 700 MHz airwaves<\/a>, which is usable for both 4G and 5G services, is likely to lead to tepid bidding by financially stressed telcos, they say.
“Given the high reserve prices, acute balance sheet stress of older carriers and absence of an immediate 5G business case, the government is unlikely to see any meaningful take up of pure 5G and 700 MHz airwaves,” Rajiv Sharma, research head at SBICap Securities, told ET. “So, it won’t raise even 10% of the targeted sales proceeds in the upcoming auction.”
On Friday, Digital Communications Commission<\/a> (DCC), the highest decision-making body in the telecom department, cleared the country’s largest-ever spectrum auction likely around March-April 2020. The auction can fetch the government at least Rs 5.22 lakh crore if telcos bid for all the 8,300 units of 4G and 5G airwaves on offer.
Insufficient 5G spectrum and unavailability of newer, more efficient 5G bands such as 26 GHz will also dampen appetite for the next gen airwaves, analysts said.
\n \n \n
Sharma expects loss-making Vodafone<\/a> Idea, whose very survival is at stake, to be “extremely selective and almost give the auction a miss at current reserve prices”, since the telco has adequate spectrum holdings and its airwaves integration process too is still in progress. “While permits of Vodafone Idea in eight circles will expire in 2021, it may be very selective, given its adequate back-up airwaves to keep its business running, especially after its ongoing spectrum integration gets concluded, and also the refarming of its 2G\/3G airwaves for 4G services,” he said.
Sharma, though, expects Airtel to bid for some 1800 MHz spectrum that it would lose rights over in some markets by 2021, and also selectively load up on some 4G airwaves in the 2,300 MHz band in urban circles, restricting its “total spends to a maximum Rs 10,000 crore ($1.4 billion approx)”.
Read also<\/h4><\/a><\/figure>Spectrum auction gets DCC nod; COAI says telcos will face challenges to raise funds to buy airwaves<\/a><\/h5><\/div><\/a><\/figure>Each telco losing Rs 1.5 Cr daily per state due to net shutdown: COAI<\/a><\/h5><\/div><\/div><\/div>\n\n
In so far as Jio’s likely bidding strategy goes, he sees India’s sole profitable telco focusing only on buying back Reliance Communications<\/a>’ efficient 800 MHz spectrum expiring in the 18 markets by July-August 2021. At present, Jio uses these premium 4G airwaves via a sharing pact with RCom.
Analysts say the starting prices of Rs 492 crore per unit of 3300-3600 MHz airwaves, earmarked for 5G services, and Rs 6,568 crore per unit of 700 MHz spectrum — than can be deployed for both 4G and 5G — are way too stiff. More so since loss-making Vodafone Idea and Airtel are stung hard by a recent Supreme Court order — backing the government’s wider definition of adjusted gross revenue<\/a> (AGR) — and face statutory dues of Rs 53,039 crore and Rs 35,586 crore, respectively, that they need to pay up in just about a month from now.
“The AGR-inflicted incumbents are unlikely to bid for 5G spectrum in either the 3500 MHz or 700 MHz bands, given their stretched balance sheets and uncertainty on AGR payments in first the quarter of calendar 2020,” said Nitin Soni, director (corporates) at global rating agency Fitch.
He expects Jio and the older carriers to bid for 4G spectrum assets expiring in 2021 in the 800 MHz and 1800 MHz bands, respectively.\n\n
<\/body>","next_sibling":[{"msid":72931839,"title":"Data policy tweaks set to keep India Inc busy in 2020","entity_type":"ARTICLE","link":"\/news\/data-policy-tweaks-set-to-keep-india-inc-busy-in-2020\/72931839","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"72931130","title":"2","entity_type":"IMAGES","seopath":"industry\/telecom\/telecom-news\/mega-spectrum-auction-likely-to-net-only-rs-40000-crore-say-analysts\/2","category_name":"Mega spectrum auction likely to net only Rs 40,000 crore, say analysts","synopsis":"Insufficient 5G spectrum and unavailability of newer 5G bands will also dampen appetite for the next gen airwaves, analysts said.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-351180\/72931130.cms?width=150&height=112","link":"\/image\/industry\/telecom\/telecom-news\/mega-spectrum-auction-likely-to-net-only-rs-40000-crore-say-analysts\/2\/72931130"},{"msid":"72370179","title":"India's 5G journey: Where does the telecom industry stand?","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/indias-5g-journey-where-does-the-telecom-industry-stand","category_name":"Slide-Shows","synopsis":"ETT brings to you a slideshow on 5G's journey in India so far.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-30049\/72370179.cms?width=150&height=112","link":"\/slide-shows\/indias-5g-journey-where-does-the-telecom-industry-stand\/72370179"}],"msid":72931869,"entity_type":"ARTICLE","title":"Mega spectrum auction likely to net only Rs 40,000 crore, say analysts","synopsis":"On Friday, Digital Communications Commission (DCC), the highest decision-making body in the telecom department, cleared the country\u2019s largest-ever spectrum auction likely around March-April 2020. The auction can fetch the government at least Rs 5.22 lakh crore if telcos bid for all the 8,300 units of 4G and 5G airwaves on offer.","titleseo":"telecomnews\/mega-spectrum-auction-likely-to-net-only-rs-40000-crore-say-analysts","status":"ACTIVE","authors":[{"author_name":"Kalyan Parbat","author_link":"\/author\/4437\/kalyan-parbat","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/4437.cms?width=100&height=100","author_additional":{"thumbsize":true,"msid":4437,"author_name":"Kalyan Parbat","author_seo_name":"kalyan-parbat","designation":"Assistant Telecom Editor at the Level of Senior Assistant Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2019-12-23 08:27:05","lastupd":"2019-12-23 09:04:03","breadcrumbTags":["Reliance communications","5g spectrum","Industry","adjusted gross revenue","MHz airwaves","bharti airtel","digital communications commission","Vodafone"],"secinfo":{"seolocation":"telecomnews\/mega-spectrum-auction-likely-to-net-only-rs-40000-crore-say-analysts"}}" data-authors="[" kalyan parbat"]" data-category-name="" data-category_id="" data-date="2019-12-23" data-index="article_1">
- Telecom乐动扑克News
- 3分钟阅读
大型频谱拍卖可能只净40000卢比,分析师说
周五,数字通信委员会(DCC),电信部门的最高决策机构,清除该国有史以来最大的频谱拍卖可能2020 3左右。拍卖可以获取政府至少十万的5.22卢比如果电信公司收购所有4 g和5 g的8300台电视广播。
加尔各答:政府预计销售远低于10%的频谱价值十万的5.22卢比在拍卖底价——它将在明年3 - 4月,网只有大约40000卢比,分析师说。
纯的陡峭的起价5 g频谱和700年兆赫波段,这是用于4 g和5 g服务,可能导致不温不火的经济强调电信公司投标,他们说。
“鉴于储备价格高企,急性的资产负债表压力大运营商和没有立即5 g商业案例,政府不太可能看到任何有意义的纯5 g和700兆赫波段,“拉吉夫•沙玛SBICap证券研究主管告诉ET。”所以,它甚至不会提高10%的目标销售收入即将拍卖。”
周五,数字通信委员会(DCC),电信部门的最高决策机构,清理该国有史以来最大的频谱拍卖可能2020 3左右。拍卖可以获取政府至少十万的5.22卢比如果电信公司收购所有4 g和5 g的8300台电视广播。
不足5 g频谱和不可用的更新、更有效的5 g乐队等26个GHz也将抑制对电波的新世代,分析师表示。
Sharma预计亏损沃达丰(Vodafone)生存岌岌可危的想法是“非常有选择性,几乎给拍卖价格目前储备小姐”,由于电信也有足够的频谱控股和它的无线电波,一体化进程仍在进行中。八圈”,允许沃达丰的想法将在2021年到期,它可能是非常挑剔,鉴于其足够的备用电波来保持其业务运行,特别是在其正在进行的频谱集成得到结论,同时其2 g / 3 g的refarming电波的4 g服务,”他说。
沙玛,预计Airtel收购一些1800 MHz频段,它将失去权利在一些市场,到2021年,并有选择地负载一些4 g无线电波在2300 MHz频带在城市圈,限制其“总花费最多10000卢比(大约14亿美元)”。
至于Jio可能投标策略,他看到印度的唯一盈利的电信只关注回购信实电信“高效800 MHz频段18个市场2021年7 - 8月到期。目前,Jio使用这些溢价4 g无线电波通过与RCom分享协议。
分析师表示,从492卢比的价格每单位3300 - 3600兆赫波段,用于5 g服务,6568卢比每单位700 MHz频段比可以部署4 g和5 g -太僵硬。更因为亏损沃达丰想法和Airtel刺硬最近最高法院命令,支持政府的更广泛的定义调整后的总收益(AGR)和脸法定会费53039卢比,35586卢比,分别,他们需要支付在从现在开始的一个月。
“AGR-inflicted在职者不太可能竞购5 g频谱3500 MHz或700 MHz乐队,鉴于其拉伸资产负债表和不确定性AGR支付在2020年第一个季度的日历,“Nitin索尼说,国际评级机构惠誉(企业)主任。
他预计Jio和年长的运营商收购4 g频谱资产在2021年到期的800 MHz和1800 MHz频段,分别。
<\/span><\/figcaption><\/figure>\n\n\n\nKOLKATA: The government is expected to sell well below 10% of the spectrum — worth Rs 5.22 lakh crore at base price — it would put on auction in March-April next year, netting only about Rs 40,000 crore, say analysts.
The steep starting price of pure 5G spectrum<\/a> and 700 MHz airwaves<\/a>, which is usable for both 4G and 5G services, is likely to lead to tepid bidding by financially stressed telcos, they say.
“Given the high reserve prices, acute balance sheet stress of older carriers and absence of an immediate 5G business case, the government is unlikely to see any meaningful take up of pure 5G and 700 MHz airwaves,” Rajiv Sharma, research head at SBICap Securities, told ET. “So, it won’t raise even 10% of the targeted sales proceeds in the upcoming auction.”
On Friday, Digital Communications Commission<\/a> (DCC), the highest decision-making body in the telecom department, cleared the country’s largest-ever spectrum auction likely around March-April 2020. The auction can fetch the government at least Rs 5.22 lakh crore if telcos bid for all the 8,300 units of 4G and 5G airwaves on offer.
Insufficient 5G spectrum and unavailability of newer, more efficient 5G bands such as 26 GHz will also dampen appetite for the next gen airwaves, analysts said.
\n \n \n <\/span><\/figcaption><\/figure>\n\n\n\n\n\n\n\n
Sharma expects loss-making Vodafone<\/a> Idea, whose very survival is at stake, to be “extremely selective and almost give the auction a miss at current reserve prices”, since the telco has adequate spectrum holdings and its airwaves integration process too is still in progress. “While permits of Vodafone Idea in eight circles will expire in 2021, it may be very selective, given its adequate back-up airwaves to keep its business running, especially after its ongoing spectrum integration gets concluded, and also the refarming of its 2G\/3G airwaves for 4G services,” he said.
Sharma, though, expects Airtel to bid for some 1800 MHz spectrum that it would lose rights over in some markets by 2021, and also selectively load up on some 4G airwaves in the 2,300 MHz band in urban circles, restricting its “total spends to a maximum Rs 10,000 crore ($1.4 billion approx)”.
Read also<\/h4><\/a><\/figure>Spectrum auction gets DCC nod; COAI says telcos will face challenges to raise funds to buy airwaves<\/a><\/h5><\/div><\/a><\/figure>Each telco losing Rs 1.5 Cr daily per state due to net shutdown: COAI<\/a><\/h5><\/div><\/div><\/div>\n\n
In so far as Jio’s likely bidding strategy goes, he sees India’s sole profitable telco focusing only on buying back Reliance Communications<\/a>’ efficient 800 MHz spectrum expiring in the 18 markets by July-August 2021. At present, Jio uses these premium 4G airwaves via a sharing pact with RCom.
Analysts say the starting prices of Rs 492 crore per unit of 3300-3600 MHz airwaves, earmarked for 5G services, and Rs 6,568 crore per unit of 700 MHz spectrum — than can be deployed for both 4G and 5G — are way too stiff. More so since loss-making Vodafone Idea and Airtel are stung hard by a recent Supreme Court order — backing the government’s wider definition of adjusted gross revenue<\/a> (AGR) — and face statutory dues of Rs 53,039 crore and Rs 35,586 crore, respectively, that they need to pay up in just about a month from now.
“The AGR-inflicted incumbents are unlikely to bid for 5G spectrum in either the 3500 MHz or 700 MHz bands, given their stretched balance sheets and uncertainty on AGR payments in first the quarter of calendar 2020,” said Nitin Soni, director (corporates) at global rating agency Fitch.
He expects Jio and the older carriers to bid for 4G spectrum assets expiring in 2021 in the 800 MHz and 1800 MHz bands, respectively.\n\n
<\/body>","next_sibling":[{"msid":72931839,"title":"Data policy tweaks set to keep India Inc busy in 2020","entity_type":"ARTICLE","link":"\/news\/data-policy-tweaks-set-to-keep-india-inc-busy-in-2020\/72931839","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"72931130","title":"2","entity_type":"IMAGES","seopath":"industry\/telecom\/telecom-news\/mega-spectrum-auction-likely-to-net-only-rs-40000-crore-say-analysts\/2","category_name":"Mega spectrum auction likely to net only Rs 40,000 crore, say analysts","synopsis":"Insufficient 5G spectrum and unavailability of newer 5G bands will also dampen appetite for the next gen airwaves, analysts said.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-351180\/72931130.cms?width=150&height=112","link":"\/image\/industry\/telecom\/telecom-news\/mega-spectrum-auction-likely-to-net-only-rs-40000-crore-say-analysts\/2\/72931130"},{"msid":"72370179","title":"India's 5G journey: Where does the telecom industry stand?","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/indias-5g-journey-where-does-the-telecom-industry-stand","category_name":"Slide-Shows","synopsis":"ETT brings to you a slideshow on 5G's journey in India so far.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-30049\/72370179.cms?width=150&height=112","link":"\/slide-shows\/indias-5g-journey-where-does-the-telecom-industry-stand\/72370179"}],"msid":72931869,"entity_type":"ARTICLE","title":"Mega spectrum auction likely to net only Rs 40,000 crore, say analysts","synopsis":"On Friday, Digital Communications Commission (DCC), the highest decision-making body in the telecom department, cleared the country\u2019s largest-ever spectrum auction likely around March-April 2020. The auction can fetch the government at least Rs 5.22 lakh crore if telcos bid for all the 8,300 units of 4G and 5G airwaves on offer.","titleseo":"telecomnews\/mega-spectrum-auction-likely-to-net-only-rs-40000-crore-say-analysts","status":"ACTIVE","authors":[{"author_name":"Kalyan Parbat","author_link":"\/author\/4437\/kalyan-parbat","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/4437.cms?width=100&height=100","author_additional":{"thumbsize":true,"msid":4437,"author_name":"Kalyan Parbat","author_seo_name":"kalyan-parbat","designation":"Assistant Telecom Editor at the Level of Senior Assistant Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2019-12-23 08:27:05","lastupd":"2019-12-23 09:04:03","breadcrumbTags":["Reliance communications","5g spectrum","Industry","adjusted gross revenue","MHz airwaves","bharti airtel","digital communications commission","Vodafone"],"secinfo":{"seolocation":"telecomnews\/mega-spectrum-auction-likely-to-net-only-rs-40000-crore-say-analysts"}}" data-news_link="//www.iser-br.com/news/mega-spectrum-auction-likely-to-net-only-rs-40000-crore-say-analysts/72931869">
<\/a><\/figure>Spectrum auction gets DCC nod; COAI says telcos will face challenges to raise funds to buy airwaves<\/a><\/h5><\/div><\/a><\/figure>Each telco losing Rs 1.5 Cr daily per state due to net shutdown: COAI<\/a><\/h5><\/div><\/div><\/div>\n\n
In so far as Jio’s likely bidding strategy goes, he sees India’s sole profitable telco focusing only on buying back Reliance Communications<\/a>’ efficient 800 MHz spectrum expiring in the 18 markets by July-August 2021. At present, Jio uses these premium 4G airwaves via a sharing pact with RCom.
Analysts say the starting prices of Rs 492 crore per unit of 3300-3600 MHz airwaves, earmarked for 5G services, and Rs 6,568 crore per unit of 700 MHz spectrum — than can be deployed for both 4G and 5G — are way too stiff. More so since loss-making Vodafone Idea and Airtel are stung hard by a recent Supreme Court order — backing the government’s wider definition of adjusted gross revenue<\/a> (AGR) — and face statutory dues of Rs 53,039 crore and Rs 35,586 crore, respectively, that they need to pay up in just about a month from now.
“The AGR-inflicted incumbents are unlikely to bid for 5G spectrum in either the 3500 MHz or 700 MHz bands, given their stretched balance sheets and uncertainty on AGR payments in first the quarter of calendar 2020,” said Nitin Soni, director (corporates) at global rating agency Fitch.
He expects Jio and the older carriers to bid for 4G spectrum assets expiring in 2021 in the 800 MHz and 1800 MHz bands, respectively.\n\n
<\/body>","next_sibling":[{"msid":72931839,"title":"Data policy tweaks set to keep India Inc busy in 2020","entity_type":"ARTICLE","link":"\/news\/data-policy-tweaks-set-to-keep-india-inc-busy-in-2020\/72931839","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"72931130","title":"2","entity_type":"IMAGES","seopath":"industry\/telecom\/telecom-news\/mega-spectrum-auction-likely-to-net-only-rs-40000-crore-say-analysts\/2","category_name":"Mega spectrum auction likely to net only Rs 40,000 crore, say analysts","synopsis":"Insufficient 5G spectrum and unavailability of newer 5G bands will also dampen appetite for the next gen airwaves, analysts said.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-351180\/72931130.cms?width=150&height=112","link":"\/image\/industry\/telecom\/telecom-news\/mega-spectrum-auction-likely-to-net-only-rs-40000-crore-say-analysts\/2\/72931130"},{"msid":"72370179","title":"India's 5G journey: Where does the telecom industry stand?","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/indias-5g-journey-where-does-the-telecom-industry-stand","category_name":"Slide-Shows","synopsis":"ETT brings to you a slideshow on 5G's journey in India so far.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-30049\/72370179.cms?width=150&height=112","link":"\/slide-shows\/indias-5g-journey-where-does-the-telecom-industry-stand\/72370179"}],"msid":72931869,"entity_type":"ARTICLE","title":"Mega spectrum auction likely to net only Rs 40,000 crore, say analysts","synopsis":"On Friday, Digital Communications Commission (DCC), the highest decision-making body in the telecom department, cleared the country\u2019s largest-ever spectrum auction likely around March-April 2020. The auction can fetch the government at least Rs 5.22 lakh crore if telcos bid for all the 8,300 units of 4G and 5G airwaves on offer.","titleseo":"telecomnews\/mega-spectrum-auction-likely-to-net-only-rs-40000-crore-say-analysts","status":"ACTIVE","authors":[{"author_name":"Kalyan Parbat","author_link":"\/author\/4437\/kalyan-parbat","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/4437.cms?width=100&height=100","author_additional":{"thumbsize":true,"msid":4437,"author_name":"Kalyan Parbat","author_seo_name":"kalyan-parbat","designation":"Assistant Telecom Editor at the Level of Senior Assistant Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2019-12-23 08:27:05","lastupd":"2019-12-23 09:04:03","breadcrumbTags":["Reliance communications","5g spectrum","Industry","adjusted gross revenue","MHz airwaves","bharti airtel","digital communications commission","Vodafone"],"secinfo":{"seolocation":"telecomnews\/mega-spectrum-auction-likely-to-net-only-rs-40000-crore-say-analysts"}}" data-authors="[" kalyan parbat"]" data-category-name="" data-category_id="" data-date="2019-12-23" data-index="article_1">
- Telecom乐动扑克News
- 3分钟阅读
大型频谱拍卖可能只净40000卢比,分析师说
周五,数字通信委员会(DCC),电信部门的最高决策机构,清除该国有史以来最大的频谱拍卖可能2020 3左右。拍卖可以获取政府至少十万的5.22卢比如果电信公司收购所有4 g和5 g的8300台电视广播。
加尔各答:政府预计销售远低于10%的频谱价值十万的5.22卢比在拍卖底价——它将在明年3 - 4月,网只有大约40000卢比,分析师说。
纯的陡峭的起价5 g频谱和700年兆赫波段,这是用于4 g和5 g服务,可能导致不温不火的经济强调电信公司投标,他们说。
“鉴于储备价格高企,急性的资产负债表压力大运营商和没有立即5 g商业案例,政府不太可能看到任何有意义的纯5 g和700兆赫波段,“拉吉夫•沙玛SBICap证券研究主管告诉ET。”所以,它甚至不会提高10%的目标销售收入即将拍卖。”
周五,数字通信委员会(DCC),电信部门的最高决策机构,清理该国有史以来最大的频谱拍卖可能2020 3左右。拍卖可以获取政府至少十万的5.22卢比如果电信公司收购所有4 g和5 g的8300台电视广播。
不足5 g频谱和不可用的更新、更有效的5 g乐队等26个GHz也将抑制对电波的新世代,分析师表示。
Sharma预计亏损沃达丰(Vodafone)生存岌岌可危的想法是“非常有选择性,几乎给拍卖价格目前储备小姐”,由于电信也有足够的频谱控股和它的无线电波,一体化进程仍在进行中。八圈”,允许沃达丰的想法将在2021年到期,它可能是非常挑剔,鉴于其足够的备用电波来保持其业务运行,特别是在其正在进行的频谱集成得到结论,同时其2 g / 3 g的refarming电波的4 g服务,”他说。
沙玛,预计Airtel收购一些1800 MHz频段,它将失去权利在一些市场,到2021年,并有选择地负载一些4 g无线电波在2300 MHz频带在城市圈,限制其“总花费最多10000卢比(大约14亿美元)”。
至于Jio可能投标策略,他看到印度的唯一盈利的电信只关注回购信实电信“高效800 MHz频段18个市场2021年7 - 8月到期。目前,Jio使用这些溢价4 g无线电波通过与RCom分享协议。
分析师表示,从492卢比的价格每单位3300 - 3600兆赫波段,用于5 g服务,6568卢比每单位700 MHz频段比可以部署4 g和5 g -太僵硬。更因为亏损沃达丰想法和Airtel刺硬最近最高法院命令,支持政府的更广泛的定义调整后的总收益(AGR)和脸法定会费53039卢比,35586卢比,分别,他们需要支付在从现在开始的一个月。
“AGR-inflicted在职者不太可能竞购5 g频谱3500 MHz或700 MHz乐队,鉴于其拉伸资产负债表和不确定性AGR支付在2020年第一个季度的日历,“Nitin索尼说,国际评级机构惠誉(企业)主任。
他预计Jio和年长的运营商收购4 g频谱资产在2021年到期的800 MHz和1800 MHz频段,分别。
<\/span><\/figcaption><\/figure>\n\n\n\nKOLKATA: The government is expected to sell well below 10% of the spectrum — worth Rs 5.22 lakh crore at base price — it would put on auction in March-April next year, netting only about Rs 40,000 crore, say analysts.
The steep starting price of pure 5G spectrum<\/a> and 700 MHz airwaves<\/a>, which is usable for both 4G and 5G services, is likely to lead to tepid bidding by financially stressed telcos, they say.
“Given the high reserve prices, acute balance sheet stress of older carriers and absence of an immediate 5G business case, the government is unlikely to see any meaningful take up of pure 5G and 700 MHz airwaves,” Rajiv Sharma, research head at SBICap Securities, told ET. “So, it won’t raise even 10% of the targeted sales proceeds in the upcoming auction.”
On Friday, Digital Communications Commission<\/a> (DCC), the highest decision-making body in the telecom department, cleared the country’s largest-ever spectrum auction likely around March-April 2020. The auction can fetch the government at least Rs 5.22 lakh crore if telcos bid for all the 8,300 units of 4G and 5G airwaves on offer.
Insufficient 5G spectrum and unavailability of newer, more efficient 5G bands such as 26 GHz will also dampen appetite for the next gen airwaves, analysts said.
\n \n \n <\/span><\/figcaption><\/figure>\n\n\n\n\n\n\n\n
Sharma expects loss-making Vodafone<\/a> Idea, whose very survival is at stake, to be “extremely selective and almost give the auction a miss at current reserve prices”, since the telco has adequate spectrum holdings and its airwaves integration process too is still in progress. “While permits of Vodafone Idea in eight circles will expire in 2021, it may be very selective, given its adequate back-up airwaves to keep its business running, especially after its ongoing spectrum integration gets concluded, and also the refarming of its 2G\/3G airwaves for 4G services,” he said.
Sharma, though, expects Airtel to bid for some 1800 MHz spectrum that it would lose rights over in some markets by 2021, and also selectively load up on some 4G airwaves in the 2,300 MHz band in urban circles, restricting its “total spends to a maximum Rs 10,000 crore ($1.4 billion approx)”.
Read also<\/h4><\/a><\/figure>Spectrum auction gets DCC nod; COAI says telcos will face challenges to raise funds to buy airwaves<\/a><\/h5><\/div><\/a><\/figure>Each telco losing Rs 1.5 Cr daily per state due to net shutdown: COAI<\/a><\/h5><\/div><\/div><\/div>\n\n
In so far as Jio’s likely bidding strategy goes, he sees India’s sole profitable telco focusing only on buying back Reliance Communications<\/a>’ efficient 800 MHz spectrum expiring in the 18 markets by July-August 2021. At present, Jio uses these premium 4G airwaves via a sharing pact with RCom.
Analysts say the starting prices of Rs 492 crore per unit of 3300-3600 MHz airwaves, earmarked for 5G services, and Rs 6,568 crore per unit of 700 MHz spectrum — than can be deployed for both 4G and 5G — are way too stiff. More so since loss-making Vodafone Idea and Airtel are stung hard by a recent Supreme Court order — backing the government’s wider definition of adjusted gross revenue<\/a> (AGR) — and face statutory dues of Rs 53,039 crore and Rs 35,586 crore, respectively, that they need to pay up in just about a month from now.
“The AGR-inflicted incumbents are unlikely to bid for 5G spectrum in either the 3500 MHz or 700 MHz bands, given their stretched balance sheets and uncertainty on AGR payments in first the quarter of calendar 2020,” said Nitin Soni, director (corporates) at global rating agency Fitch.
He expects Jio and the older carriers to bid for 4G spectrum assets expiring in 2021 in the 800 MHz and 1800 MHz bands, respectively.\n\n
<\/body>","next_sibling":[{"msid":72931839,"title":"Data policy tweaks set to keep India Inc busy in 2020","entity_type":"ARTICLE","link":"\/news\/data-policy-tweaks-set-to-keep-india-inc-busy-in-2020\/72931839","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"72931130","title":"2","entity_type":"IMAGES","seopath":"industry\/telecom\/telecom-news\/mega-spectrum-auction-likely-to-net-only-rs-40000-crore-say-analysts\/2","category_name":"Mega spectrum auction likely to net only Rs 40,000 crore, say analysts","synopsis":"Insufficient 5G spectrum and unavailability of newer 5G bands will also dampen appetite for the next gen airwaves, analysts said.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-351180\/72931130.cms?width=150&height=112","link":"\/image\/industry\/telecom\/telecom-news\/mega-spectrum-auction-likely-to-net-only-rs-40000-crore-say-analysts\/2\/72931130"},{"msid":"72370179","title":"India's 5G journey: Where does the telecom industry stand?","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/indias-5g-journey-where-does-the-telecom-industry-stand","category_name":"Slide-Shows","synopsis":"ETT brings to you a slideshow on 5G's journey in India so far.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-30049\/72370179.cms?width=150&height=112","link":"\/slide-shows\/indias-5g-journey-where-does-the-telecom-industry-stand\/72370179"}],"msid":72931869,"entity_type":"ARTICLE","title":"Mega spectrum auction likely to net only Rs 40,000 crore, say analysts","synopsis":"On Friday, Digital Communications Commission (DCC), the highest decision-making body in the telecom department, cleared the country\u2019s largest-ever spectrum auction likely around March-April 2020. The auction can fetch the government at least Rs 5.22 lakh crore if telcos bid for all the 8,300 units of 4G and 5G airwaves on offer.","titleseo":"telecomnews\/mega-spectrum-auction-likely-to-net-only-rs-40000-crore-say-analysts","status":"ACTIVE","authors":[{"author_name":"Kalyan Parbat","author_link":"\/author\/4437\/kalyan-parbat","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/4437.cms?width=100&height=100","author_additional":{"thumbsize":true,"msid":4437,"author_name":"Kalyan Parbat","author_seo_name":"kalyan-parbat","designation":"Assistant Telecom Editor at the Level of Senior Assistant Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2019-12-23 08:27:05","lastupd":"2019-12-23 09:04:03","breadcrumbTags":["Reliance communications","5g spectrum","Industry","adjusted gross revenue","MHz airwaves","bharti airtel","digital communications commission","Vodafone"],"secinfo":{"seolocation":"telecomnews\/mega-spectrum-auction-likely-to-net-only-rs-40000-crore-say-analysts"}}" data-news_link="//www.iser-br.com/news/mega-spectrum-auction-likely-to-net-only-rs-40000-crore-say-analysts/72931869">
<\/a><\/figure>Each telco losing Rs 1.5 Cr daily per state due to net shutdown: COAI<\/a><\/h5><\/div><\/div><\/div>\n\n
In so far as Jio’s likely bidding strategy goes, he sees India’s sole profitable telco focusing only on buying back Reliance Communications<\/a>’ efficient 800 MHz spectrum expiring in the 18 markets by July-August 2021. At present, Jio uses these premium 4G airwaves via a sharing pact with RCom.
Analysts say the starting prices of Rs 492 crore per unit of 3300-3600 MHz airwaves, earmarked for 5G services, and Rs 6,568 crore per unit of 700 MHz spectrum — than can be deployed for both 4G and 5G — are way too stiff. More so since loss-making Vodafone Idea and Airtel are stung hard by a recent Supreme Court order — backing the government’s wider definition of adjusted gross revenue<\/a> (AGR) — and face statutory dues of Rs 53,039 crore and Rs 35,586 crore, respectively, that they need to pay up in just about a month from now.
“The AGR-inflicted incumbents are unlikely to bid for 5G spectrum in either the 3500 MHz or 700 MHz bands, given their stretched balance sheets and uncertainty on AGR payments in first the quarter of calendar 2020,” said Nitin Soni, director (corporates) at global rating agency Fitch.
He expects Jio and the older carriers to bid for 4G spectrum assets expiring in 2021 in the 800 MHz and 1800 MHz bands, respectively.\n\n
<\/body>","next_sibling":[{"msid":72931839,"title":"Data policy tweaks set to keep India Inc busy in 2020","entity_type":"ARTICLE","link":"\/news\/data-policy-tweaks-set-to-keep-india-inc-busy-in-2020\/72931839","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"72931130","title":"2","entity_type":"IMAGES","seopath":"industry\/telecom\/telecom-news\/mega-spectrum-auction-likely-to-net-only-rs-40000-crore-say-analysts\/2","category_name":"Mega spectrum auction likely to net only Rs 40,000 crore, say analysts","synopsis":"Insufficient 5G spectrum and unavailability of newer 5G bands will also dampen appetite for the next gen airwaves, analysts said.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-351180\/72931130.cms?width=150&height=112","link":"\/image\/industry\/telecom\/telecom-news\/mega-spectrum-auction-likely-to-net-only-rs-40000-crore-say-analysts\/2\/72931130"},{"msid":"72370179","title":"India's 5G journey: Where does the telecom industry stand?","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/indias-5g-journey-where-does-the-telecom-industry-stand","category_name":"Slide-Shows","synopsis":"ETT brings to you a slideshow on 5G's journey in India so far.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-30049\/72370179.cms?width=150&height=112","link":"\/slide-shows\/indias-5g-journey-where-does-the-telecom-industry-stand\/72370179"}],"msid":72931869,"entity_type":"ARTICLE","title":"Mega spectrum auction likely to net only Rs 40,000 crore, say analysts","synopsis":"On Friday, Digital Communications Commission (DCC), the highest decision-making body in the telecom department, cleared the country\u2019s largest-ever spectrum auction likely around March-April 2020. The auction can fetch the government at least Rs 5.22 lakh crore if telcos bid for all the 8,300 units of 4G and 5G airwaves on offer.","titleseo":"telecomnews\/mega-spectrum-auction-likely-to-net-only-rs-40000-crore-say-analysts","status":"ACTIVE","authors":[{"author_name":"Kalyan Parbat","author_link":"\/author\/4437\/kalyan-parbat","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/4437.cms?width=100&height=100","author_additional":{"thumbsize":true,"msid":4437,"author_name":"Kalyan Parbat","author_seo_name":"kalyan-parbat","designation":"Assistant Telecom Editor at the Level of Senior Assistant Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2019-12-23 08:27:05","lastupd":"2019-12-23 09:04:03","breadcrumbTags":["Reliance communications","5g spectrum","Industry","adjusted gross revenue","MHz airwaves","bharti airtel","digital communications commission","Vodafone"],"secinfo":{"seolocation":"telecomnews\/mega-spectrum-auction-likely-to-net-only-rs-40000-crore-say-analysts"}}" data-authors="[" kalyan parbat"]" data-category-name="" data-category_id="" data-date="2019-12-23" data-index="article_1">
- Telecom乐动扑克News
- 3分钟阅读
大型频谱拍卖可能只净40000卢比,分析师说
周五,数字通信委员会(DCC),电信部门的最高决策机构,清除该国有史以来最大的频谱拍卖可能2020 3左右。拍卖可以获取政府至少十万的5.22卢比如果电信公司收购所有4 g和5 g的8300台电视广播。
加尔各答:政府预计销售远低于10%的频谱价值十万的5.22卢比在拍卖底价——它将在明年3 - 4月,网只有大约40000卢比,分析师说。
纯的陡峭的起价5 g频谱和700年兆赫波段,这是用于4 g和5 g服务,可能导致不温不火的经济强调电信公司投标,他们说。
“鉴于储备价格高企,急性的资产负债表压力大运营商和没有立即5 g商业案例,政府不太可能看到任何有意义的纯5 g和700兆赫波段,“拉吉夫•沙玛SBICap证券研究主管告诉ET。”所以,它甚至不会提高10%的目标销售收入即将拍卖。”
周五,数字通信委员会(DCC),电信部门的最高决策机构,清理该国有史以来最大的频谱拍卖可能2020 3左右。拍卖可以获取政府至少十万的5.22卢比如果电信公司收购所有4 g和5 g的8300台电视广播。
不足5 g频谱和不可用的更新、更有效的5 g乐队等26个GHz也将抑制对电波的新世代,分析师表示。
Sharma预计亏损沃达丰(Vodafone)生存岌岌可危的想法是“非常有选择性,几乎给拍卖价格目前储备小姐”,由于电信也有足够的频谱控股和它的无线电波,一体化进程仍在进行中。八圈”,允许沃达丰的想法将在2021年到期,它可能是非常挑剔,鉴于其足够的备用电波来保持其业务运行,特别是在其正在进行的频谱集成得到结论,同时其2 g / 3 g的refarming电波的4 g服务,”他说。
沙玛,预计Airtel收购一些1800 MHz频段,它将失去权利在一些市场,到2021年,并有选择地负载一些4 g无线电波在2300 MHz频带在城市圈,限制其“总花费最多10000卢比(大约14亿美元)”。
至于Jio可能投标策略,他看到印度的唯一盈利的电信只关注回购信实电信“高效800 MHz频段18个市场2021年7 - 8月到期。目前,Jio使用这些溢价4 g无线电波通过与RCom分享协议。
分析师表示,从492卢比的价格每单位3300 - 3600兆赫波段,用于5 g服务,6568卢比每单位700 MHz频段比可以部署4 g和5 g -太僵硬。更因为亏损沃达丰想法和Airtel刺硬最近最高法院命令,支持政府的更广泛的定义调整后的总收益(AGR)和脸法定会费53039卢比,35586卢比,分别,他们需要支付在从现在开始的一个月。
“AGR-inflicted在职者不太可能竞购5 g频谱3500 MHz或700 MHz乐队,鉴于其拉伸资产负债表和不确定性AGR支付在2020年第一个季度的日历,“Nitin索尼说,国际评级机构惠誉(企业)主任。
他预计Jio和年长的运营商收购4 g频谱资产在2021年到期的800 MHz和1800 MHz频段,分别。
<\/span><\/figcaption><\/figure>\n\n\n\nKOLKATA: The government is expected to sell well below 10% of the spectrum — worth Rs 5.22 lakh crore at base price — it would put on auction in March-April next year, netting only about Rs 40,000 crore, say analysts.
The steep starting price of pure 5G spectrum<\/a> and 700 MHz airwaves<\/a>, which is usable for both 4G and 5G services, is likely to lead to tepid bidding by financially stressed telcos, they say.
“Given the high reserve prices, acute balance sheet stress of older carriers and absence of an immediate 5G business case, the government is unlikely to see any meaningful take up of pure 5G and 700 MHz airwaves,” Rajiv Sharma, research head at SBICap Securities, told ET. “So, it won’t raise even 10% of the targeted sales proceeds in the upcoming auction.”
On Friday, Digital Communications Commission<\/a> (DCC), the highest decision-making body in the telecom department, cleared the country’s largest-ever spectrum auction likely around March-April 2020. The auction can fetch the government at least Rs 5.22 lakh crore if telcos bid for all the 8,300 units of 4G and 5G airwaves on offer.
Insufficient 5G spectrum and unavailability of newer, more efficient 5G bands such as 26 GHz will also dampen appetite for the next gen airwaves, analysts said.
\n \n \n <\/span><\/figcaption><\/figure>\n\n\n\n\n\n\n\n
Sharma expects loss-making Vodafone<\/a> Idea, whose very survival is at stake, to be “extremely selective and almost give the auction a miss at current reserve prices”, since the telco has adequate spectrum holdings and its airwaves integration process too is still in progress. “While permits of Vodafone Idea in eight circles will expire in 2021, it may be very selective, given its adequate back-up airwaves to keep its business running, especially after its ongoing spectrum integration gets concluded, and also the refarming of its 2G\/3G airwaves for 4G services,” he said.
Sharma, though, expects Airtel to bid for some 1800 MHz spectrum that it would lose rights over in some markets by 2021, and also selectively load up on some 4G airwaves in the 2,300 MHz band in urban circles, restricting its “total spends to a maximum Rs 10,000 crore ($1.4 billion approx)”.
Read also<\/h4><\/a><\/figure>Spectrum auction gets DCC nod; COAI says telcos will face challenges to raise funds to buy airwaves<\/a><\/h5><\/div><\/a><\/figure>Each telco losing Rs 1.5 Cr daily per state due to net shutdown: COAI<\/a><\/h5><\/div><\/div><\/div>\n\n
In so far as Jio’s likely bidding strategy goes, he sees India’s sole profitable telco focusing only on buying back Reliance Communications<\/a>’ efficient 800 MHz spectrum expiring in the 18 markets by July-August 2021. At present, Jio uses these premium 4G airwaves via a sharing pact with RCom.
Analysts say the starting prices of Rs 492 crore per unit of 3300-3600 MHz airwaves, earmarked for 5G services, and Rs 6,568 crore per unit of 700 MHz spectrum — than can be deployed for both 4G and 5G — are way too stiff. More so since loss-making Vodafone Idea and Airtel are stung hard by a recent Supreme Court order — backing the government’s wider definition of adjusted gross revenue<\/a> (AGR) — and face statutory dues of Rs 53,039 crore and Rs 35,586 crore, respectively, that they need to pay up in just about a month from now.
“The AGR-inflicted incumbents are unlikely to bid for 5G spectrum in either the 3500 MHz or 700 MHz bands, given their stretched balance sheets and uncertainty on AGR payments in first the quarter of calendar 2020,” said Nitin Soni, director (corporates) at global rating agency Fitch.
He expects Jio and the older carriers to bid for 4G spectrum assets expiring in 2021 in the 800 MHz and 1800 MHz bands, respectively.\n\n
<\/body>","next_sibling":[{"msid":72931839,"title":"Data policy tweaks set to keep India Inc busy in 2020","entity_type":"ARTICLE","link":"\/news\/data-policy-tweaks-set-to-keep-india-inc-busy-in-2020\/72931839","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"72931130","title":"2","entity_type":"IMAGES","seopath":"industry\/telecom\/telecom-news\/mega-spectrum-auction-likely-to-net-only-rs-40000-crore-say-analysts\/2","category_name":"Mega spectrum auction likely to net only Rs 40,000 crore, say analysts","synopsis":"Insufficient 5G spectrum and unavailability of newer 5G bands will also dampen appetite for the next gen airwaves, analysts said.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-351180\/72931130.cms?width=150&height=112","link":"\/image\/industry\/telecom\/telecom-news\/mega-spectrum-auction-likely-to-net-only-rs-40000-crore-say-analysts\/2\/72931130"},{"msid":"72370179","title":"India's 5G journey: Where does the telecom industry stand?","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/indias-5g-journey-where-does-the-telecom-industry-stand","category_name":"Slide-Shows","synopsis":"ETT brings to you a slideshow on 5G's journey in India so far.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-30049\/72370179.cms?width=150&height=112","link":"\/slide-shows\/indias-5g-journey-where-does-the-telecom-industry-stand\/72370179"}],"msid":72931869,"entity_type":"ARTICLE","title":"Mega spectrum auction likely to net only Rs 40,000 crore, say analysts","synopsis":"On Friday, Digital Communications Commission (DCC), the highest decision-making body in the telecom department, cleared the country\u2019s largest-ever spectrum auction likely around March-April 2020. The auction can fetch the government at least Rs 5.22 lakh crore if telcos bid for all the 8,300 units of 4G and 5G airwaves on offer.","titleseo":"telecomnews\/mega-spectrum-auction-likely-to-net-only-rs-40000-crore-say-analysts","status":"ACTIVE","authors":[{"author_name":"Kalyan Parbat","author_link":"\/author\/4437\/kalyan-parbat","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/4437.cms?width=100&height=100","author_additional":{"thumbsize":true,"msid":4437,"author_name":"Kalyan Parbat","author_seo_name":"kalyan-parbat","designation":"Assistant Telecom Editor at the Level of Senior Assistant Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2019-12-23 08:27:05","lastupd":"2019-12-23 09:04:03","breadcrumbTags":["Reliance communications","5g spectrum","Industry","adjusted gross revenue","MHz airwaves","bharti airtel","digital communications commission","Vodafone"],"secinfo":{"seolocation":"telecomnews\/mega-spectrum-auction-likely-to-net-only-rs-40000-crore-say-analysts"}}" data-news_link="//www.iser-br.com/news/mega-spectrum-auction-likely-to-net-only-rs-40000-crore-say-analysts/72931869">
- Telecom乐动扑克News
- 3分钟阅读
大型频谱拍卖可能只净40000卢比,分析师说
周五,数字通信委员会(DCC),电信部门的最高决策机构,清除该国有史以来最大的频谱拍卖可能2020 3左右。拍卖可以获取政府至少十万的5.22卢比如果电信公司收购所有4 g和5 g的8300台电视广播。
纯的陡峭的起价5 g频谱和700年兆赫波段,这是用于4 g和5 g服务,可能导致不温不火的经济强调电信公司投标,他们说。
“鉴于储备价格高企,急性的资产负债表压力大运营商和没有立即5 g商业案例,政府不太可能看到任何有意义的纯5 g和700兆赫波段,“拉吉夫•沙玛SBICap证券研究主管告诉ET。”所以,它甚至不会提高10%的目标销售收入即将拍卖。”
周五,数字通信委员会(DCC),电信部门的最高决策机构,清理该国有史以来最大的频谱拍卖可能2020 3左右。拍卖可以获取政府至少十万的5.22卢比如果电信公司收购所有4 g和5 g的8300台电视广播。
不足5 g频谱和不可用的更新、更有效的5 g乐队等26个GHz也将抑制对电波的新世代,分析师表示。
Sharma预计亏损沃达丰(Vodafone)生存岌岌可危的想法是“非常有选择性,几乎给拍卖价格目前储备小姐”,由于电信也有足够的频谱控股和它的无线电波,一体化进程仍在进行中。八圈”,允许沃达丰的想法将在2021年到期,它可能是非常挑剔,鉴于其足够的备用电波来保持其业务运行,特别是在其正在进行的频谱集成得到结论,同时其2 g / 3 g的refarming电波的4 g服务,”他说。
沙玛,预计Airtel收购一些1800 MHz频段,它将失去权利在一些市场,到2021年,并有选择地负载一些4 g无线电波在2300 MHz频带在城市圈,限制其“总花费最多10000卢比(大约14亿美元)”。
至于Jio可能投标策略,他看到印度的唯一盈利的电信只关注回购信实电信“高效800 MHz频段18个市场2021年7 - 8月到期。目前,Jio使用这些溢价4 g无线电波通过与RCom分享协议。
分析师表示,从492卢比的价格每单位3300 - 3600兆赫波段,用于5 g服务,6568卢比每单位700 MHz频段比可以部署4 g和5 g -太僵硬。更因为亏损沃达丰想法和Airtel刺硬最近最高法院命令,支持政府的更广泛的定义调整后的总收益(AGR)和脸法定会费53039卢比,35586卢比,分别,他们需要支付在从现在开始的一个月。
“AGR-inflicted在职者不太可能竞购5 g频谱3500 MHz或700 MHz乐队,鉴于其拉伸资产负债表和不确定性AGR支付在2020年第一个季度的日历,“Nitin索尼说,国际评级机构惠誉(企业)主任。
他预计Jio和年长的运营商收购4 g频谱资产在2021年到期的800 MHz和1800 MHz频段,分别。
The steep starting price of pure 5G spectrum<\/a> and 700 MHz airwaves<\/a>, which is usable for both 4G and 5G services, is likely to lead to tepid bidding by financially stressed telcos, they say.
“Given the high reserve prices, acute balance sheet stress of older carriers and absence of an immediate 5G business case, the government is unlikely to see any meaningful take up of pure 5G and 700 MHz airwaves,” Rajiv Sharma, research head at SBICap Securities, told ET. “So, it won’t raise even 10% of the targeted sales proceeds in the upcoming auction.”
On Friday, Digital Communications Commission<\/a> (DCC), the highest decision-making body in the telecom department, cleared the country’s largest-ever spectrum auction likely around March-April 2020. The auction can fetch the government at least Rs 5.22 lakh crore if telcos bid for all the 8,300 units of 4G and 5G airwaves on offer.
Insufficient 5G spectrum and unavailability of newer, more efficient 5G bands such as 26 GHz will also dampen appetite for the next gen airwaves, analysts said.
\n \n \n
Sharma expects loss-making Vodafone<\/a> Idea, whose very survival is at stake, to be “extremely selective and almost give the auction a miss at current reserve prices”, since the telco has adequate spectrum holdings and its airwaves integration process too is still in progress. “While permits of Vodafone Idea in eight circles will expire in 2021, it may be very selective, given its adequate back-up airwaves to keep its business running, especially after its ongoing spectrum integration gets concluded, and also the refarming of its 2G\/3G airwaves for 4G services,” he said.
Sharma, though, expects Airtel to bid for some 1800 MHz spectrum that it would lose rights over in some markets by 2021, and also selectively load up on some 4G airwaves in the 2,300 MHz band in urban circles, restricting its “total spends to a maximum Rs 10,000 crore ($1.4 billion approx)”.
Read also<\/h4><\/a><\/figure>Spectrum auction gets DCC nod; COAI says telcos will face challenges to raise funds to buy airwaves<\/a><\/h5><\/div><\/a><\/figure>Each telco losing Rs 1.5 Cr daily per state due to net shutdown: COAI<\/a><\/h5><\/div><\/div><\/div>\n\n
In so far as Jio’s likely bidding strategy goes, he sees India’s sole profitable telco focusing only on buying back Reliance Communications<\/a>’ efficient 800 MHz spectrum expiring in the 18 markets by July-August 2021. At present, Jio uses these premium 4G airwaves via a sharing pact with RCom.
Analysts say the starting prices of Rs 492 crore per unit of 3300-3600 MHz airwaves, earmarked for 5G services, and Rs 6,568 crore per unit of 700 MHz spectrum — than can be deployed for both 4G and 5G — are way too stiff. More so since loss-making Vodafone Idea and Airtel are stung hard by a recent Supreme Court order — backing the government’s wider definition of adjusted gross revenue<\/a> (AGR) — and face statutory dues of Rs 53,039 crore and Rs 35,586 crore, respectively, that they need to pay up in just about a month from now.
“The AGR-inflicted incumbents are unlikely to bid for 5G spectrum in either the 3500 MHz or 700 MHz bands, given their stretched balance sheets and uncertainty on AGR payments in first the quarter of calendar 2020,” said Nitin Soni, director (corporates) at global rating agency Fitch.
He expects Jio and the older carriers to bid for 4G spectrum assets expiring in 2021 in the 800 MHz and 1800 MHz bands, respectively.\n\n
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<\/a><\/figure>Spectrum auction gets DCC nod; COAI says telcos will face challenges to raise funds to buy airwaves<\/a><\/h5><\/div><\/a><\/figure>Each telco losing Rs 1.5 Cr daily per state due to net shutdown: COAI<\/a><\/h5><\/div><\/div><\/div>\n\n
In so far as Jio’s likely bidding strategy goes, he sees India’s sole profitable telco focusing only on buying back Reliance Communications<\/a>’ efficient 800 MHz spectrum expiring in the 18 markets by July-August 2021. At present, Jio uses these premium 4G airwaves via a sharing pact with RCom.
Analysts say the starting prices of Rs 492 crore per unit of 3300-3600 MHz airwaves, earmarked for 5G services, and Rs 6,568 crore per unit of 700 MHz spectrum — than can be deployed for both 4G and 5G — are way too stiff. More so since loss-making Vodafone Idea and Airtel are stung hard by a recent Supreme Court order — backing the government’s wider definition of adjusted gross revenue<\/a> (AGR) — and face statutory dues of Rs 53,039 crore and Rs 35,586 crore, respectively, that they need to pay up in just about a month from now.
“The AGR-inflicted incumbents are unlikely to bid for 5G spectrum in either the 3500 MHz or 700 MHz bands, given their stretched balance sheets and uncertainty on AGR payments in first the quarter of calendar 2020,” said Nitin Soni, director (corporates) at global rating agency Fitch.
He expects Jio and the older carriers to bid for 4G spectrum assets expiring in 2021 in the 800 MHz and 1800 MHz bands, respectively.\n\n
<\/body>","next_sibling":[{"msid":72931839,"title":"Data policy tweaks set to keep India Inc busy in 2020","entity_type":"ARTICLE","link":"\/news\/data-policy-tweaks-set-to-keep-india-inc-busy-in-2020\/72931839","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"72931130","title":"2","entity_type":"IMAGES","seopath":"industry\/telecom\/telecom-news\/mega-spectrum-auction-likely-to-net-only-rs-40000-crore-say-analysts\/2","category_name":"Mega spectrum auction likely to net only Rs 40,000 crore, say analysts","synopsis":"Insufficient 5G spectrum and unavailability of newer 5G bands will also dampen appetite for the next gen airwaves, analysts said.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-351180\/72931130.cms?width=150&height=112","link":"\/image\/industry\/telecom\/telecom-news\/mega-spectrum-auction-likely-to-net-only-rs-40000-crore-say-analysts\/2\/72931130"},{"msid":"72370179","title":"India's 5G journey: Where does the telecom industry stand?","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/indias-5g-journey-where-does-the-telecom-industry-stand","category_name":"Slide-Shows","synopsis":"ETT brings to you a slideshow on 5G's journey in India so far.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-30049\/72370179.cms?width=150&height=112","link":"\/slide-shows\/indias-5g-journey-where-does-the-telecom-industry-stand\/72370179"}],"msid":72931869,"entity_type":"ARTICLE","title":"Mega spectrum auction likely to net only Rs 40,000 crore, say analysts","synopsis":"On Friday, Digital Communications Commission (DCC), the highest decision-making body in the telecom department, cleared the country\u2019s largest-ever spectrum auction likely around March-April 2020. The auction can fetch the government at least Rs 5.22 lakh crore if telcos bid for all the 8,300 units of 4G and 5G airwaves on offer.","titleseo":"telecomnews\/mega-spectrum-auction-likely-to-net-only-rs-40000-crore-say-analysts","status":"ACTIVE","authors":[{"author_name":"Kalyan Parbat","author_link":"\/author\/4437\/kalyan-parbat","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/4437.cms?width=100&height=100","author_additional":{"thumbsize":true,"msid":4437,"author_name":"Kalyan Parbat","author_seo_name":"kalyan-parbat","designation":"Assistant Telecom Editor at the Level of Senior Assistant Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2019-12-23 08:27:05","lastupd":"2019-12-23 09:04:03","breadcrumbTags":["Reliance communications","5g spectrum","Industry","adjusted gross revenue","MHz airwaves","bharti airtel","digital communications commission","Vodafone"],"secinfo":{"seolocation":"telecomnews\/mega-spectrum-auction-likely-to-net-only-rs-40000-crore-say-analysts"}}" data-news_link="//www.iser-br.com/news/mega-spectrum-auction-likely-to-net-only-rs-40000-crore-say-analysts/72931869">
<\/a><\/figure>
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