\"\"NEW DELHI: Reliance Jio Infocomm<\/a> is set to bid aggressively for spectrum in the forthcoming auction, upending expectations of rivals and raising the prospect of having to pay more than they had expected. Jio has filed the highest earnest money deposit (EMD<\/a>) — around Rs 6,500 crore, almost the same as the combined deposits made by the top three telcos, an indication of the Mukesh Ambani-owned newcomer’s aggressive intent in the spectrum sale slated to start October 1.
\n
Bharti Airtel,
Vodafone<\/a> India and Idea Cellular made deposits of around Rs 1,980 crore, Rs 2,745 crore and Rs 2,050 crore, respectively, people familiar with the auction process said. They added that Tata Teleservices made a deposit of over Rs 1,000 crore, while Reliance Communications and Aircel put in around Rs 313 crore and Rs 120 crore, respectively.
\n
\n“Going by (rough) calculations of EMDs, the government could sell airwaves worth Rs 1.5 lakh crore just at the reserve price, which could translate into upfront payment of at least Rs 55,000 crore,” a senior official told ET.
\n
\n\"\"
\n
\nAnalysts differed, saying the government is likely to raise around Rs 80,000 crore from its largest sale of airwaves.The finance ministry has budgeted revenue of Rs 98,995 crore from telecom, which includes less than Rs 55,000 crore from the spectrum auction this fiscal year. The rest is expected to come from various levies, services and dues from the auctions last year.
\n
\nJio’s auction pitch took the industry by surprise as it had been assumed the company would not bid aggressively and only look to fill coverage gaps. This was based on Jio having acquired sufficient capacity in recent auctions and a sharing and trading pact with RCom. “We are surprised to see Jio’s deposit. It’s way above our estimates but shows its intent,” said a top executive.
\n
\nTelecom veteran BK Syngal of Dua Consulting said Jio could well buy some spectrum in the 700 Mhz band given the deposit. An analyst at a foreign brokerage said even no. 1telco Bharti Airtel could pick up 700 Mhz spectrum in certain circles — Uttar Pradesh East and West and Bihar —where prices are relatively low. Participants are allotted points on the basis of the EMD.
\n
\nThe deposit reflects the war chest an operator has to buy airwaves. EMD is typically pegged at about 10% of the reserve price of airwaves in each circle. Jio’s EMD shows that at the current base price, the company could theoretically buy spectrum worth Rs 65,000 crore.
\n
\nVodafone, Idea vulnerable<\/strong>
\n
\n\"\"With Airtel comfortably placed on data spectrum holdings, Vodafone India and Idea Cellular could be vulnerable to escalating auction rounds since the two have no choice but to buy
4G<\/a> airwaves. Without these frequencies, they would be at a disadvantage as the battle shifts to mobile data. The 4G airwave holdings of Vodafone and Idea in terms of circles are less than half those of Airtel and Jio. The government is auctioning 2,354.55 MHz of spectrum across seven bands, including 700 MHz band, which is being offered for the first time.
\n
\nAt the reserve price, the airwaves are valued at over Rs 5.6 lakh crore, of which Rs 4 lakh crore is expected from the 700 MHz bandwidth, considered the best for 4G services but also the most expensive. “Vodafone and Idea might actually bid for airwaves in the 2300 Mhz and the 2500 Mhz band rather than the 1800 Mhz band for 4G,” an executive said.
\n
\nAirwaves in the higher bandwidth are cheaper than those in the 1800 Mhz band.
\n
\n“Had 1800 Mhz band been priced say 30% cheaper than what is it, it would have made more sense for the two telcos to buy it then,” the person added. Another executive said Airtel was also expected to buy more airwaves but primarily to plug gaps in its 3G and 4G holdings.
\n
\n“The company holds 3G airwaves in 2100 Mhz band only in 13 circles and could beef that up. Similarly, it could buy additional bandwidth in both the 2300\/2500 Mhz as well as the 1800 Mhz bands to improve its 4G capacity,” another person said.
\n
\nTata is likely to focus on buying back spectrum in the 800 Mhz band in Mumbai, Maharashtra and Andhra Pradesh that expires next year. “Based on the EMDs, we think the auctions will be interesting and that final bidding value could be upwards of Rs 20,000 crore each for the four operators with the highest EMDs,” said Prashant Singhal, leader of the telecom practice at EY.
\n
\nFinal auction proceeds are typically less than 5.5 times the EMD deposits. “Hence, with EMD deposits of Rs 15,028 crore, we would estimate the auctions to yield between Rs 75,000 crore and Rs 80,000 crore at best,” he said.\n\n<\/body>","next_sibling":[{"msid":54373803,"title":"Seven telcos submit Rs 15,000 crore earnest money for auction","entity_type":"ARTICLE","link":"\/news\/seven-telcos-submit-rs-15000-crore-earnest-money-for-auction\/54373803","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":54373856,"entity_type":"ARTICLE","title":"Reliance Jio files around Rs 6,500 crore deposit for upcoming spectrum sale","synopsis":"Airtel, Vodafone and Idea made deposits of around Rs 1,980 cr, Rs 2,745 cr and Rs 2,050 cr, respectively, people familiar with the auction process said.","titleseo":"telecomnews\/reliance-jio-files-around-rs-6500-crore-deposit-for-upcoming-spectrum-sale","status":"ACTIVE","authors":[{"author_name":"Anandita Singh Mankotia","author_link":"\/author\/479231328\/anandita-singh-mankotia","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479231328.cms?width=100&height=100","author_additional":{"thumbsize":false,"msid":479231328,"author_name":"Anandita Singh Mankotia","author_seo_name":"anandita-singh-mankotia","designation":"Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2016-09-17 08:43:15","lastupd":"2016-09-29 16:14:27","breadcrumbTags":["Vodafone","4G","EMD","Reliance Jio Infocomm","spectrumauction2016","3G\/4G","Jio2016"],"secinfo":{"seolocation":"telecomnews\/reliance-jio-files-around-rs-6500-crore-deposit-for-upcoming-spectrum-sale"}}" data-authors="[" anandita singh mankotia"]" data-category-name="" data-category_id="" data-date="2016-09-17" data-index="article_1">

依赖Jio文件6500卢比左右存款为即将到来的频谱出售

Airtel,沃达丰(Vodafone)和想法使存款的Rs 1980 cr, Rs 2745 cr和Rs 2050 cr,知情人士分别拍卖过程说。

辛格Anandita Mankotia
  • 更新2016年9月29日下午04:14坚持
新德里消息:依赖Jio Infocomm将积极即将拍卖的频谱,颠覆的预期竞争对手和提高的前景不得不支付超过了他们的预期。Jio提交了保证金存款(最高EMD)——大约6500卢比,几乎一样的组合由三大电信公司的存款,一个迹象的穆克什Ambani-owned新来的咄咄逼人的气焰频谱拍卖定于10月1日开始。

Bharti Airtel沃达丰(Vodafone)印度和想法细胞存款约1980卢比,2745卢比,2050卢比,知情人士分别拍卖过程说。他们补充说,塔塔电信业务存款超过1000卢比,而信实电信和Aircel大约313卢比,120卢比,分别。

“走到emd(粗糙)计算,政府可以出售电视价值十万的1.5卢比的底价,这将转化为前期支付至少55000卢比,”一位高级官员告诉等。



分析人士不同,说政府可能会提高大约80000卢比从其最大的广播电视销售。财政部预算收入98995卢比的电信,其中包括不到55000卢比的频谱拍卖本财政年度。其余预计将来自不同的征税,服务和从去年的拍卖费。

Jio的拍卖场上业内人士感到意外,因为它被认为该公司积极,不仅会填补覆盖缺口。这是基于Jio在最近的拍卖和获得足够的能力与RCom分享和交易协议。“我们惊讶地看到Jio的存款。超出我们的估计,但显示它的意图,”一名高管表示。

电信资深BK Syngal Dua咨询说Jio很可能买一些在700 Mhz频段频谱的存款。外国券商分析师表示,即便是没有。1电信Bharti Airtel可以捡700 Mhz频段在某些圈子里,东西方北方邦和比哈尔邦- -价格相对较低。参与者分配点EMD的基础上。

沉积反映了战争基金经营者必须买电视。EMD通常在大约10%的保留价格挂钩的电波在每个圆。Jio EMD表明目前的基础价格,该公司理论上可以买了价值65000卢比的频谱。

沃达丰、脆弱的想法

Airtel舒适放在数据频谱控股,沃达丰印度和观点细胞可能是容易升级拍卖轮两别无选择4 g电波。没有这些频率,他们将处于劣势的战斗转向移动数据。沃达丰(Vodafone)和想法的4 g的频道控股的圈是不到Airtel和Jio一半。政府拍卖2354 .55 MHz的频谱在七个乐队,包括700 MHz的乐队,这是首次提出。

底价,电波是价值超过十万的5.6卢比,其中4个十万的卢比预计从700 MHz带宽,认为最好的4 g服务也是最昂贵的。“沃达丰和想法实际上可能竞购电波在2300 Mhz和2500 Mhz频带而不是4 g的1800 Mhz频带,”一位高管表示。

电波在更高的带宽比那些便宜1800 Mhz乐队。

“1800 Mhz频带被定价说比什么便宜30%,它将使两个电信公司购买更有意义,”这个人说。另一位高管表示,旅馆也会购买更多的无线电波,还主要是为了弥补它的3 g和4 g。

”该公司拥有3 g无线电波在2100 Mhz频带只有13个圆圈和牛肉。同样,它可以购买额外的带宽在2300/2500 Mhz以及1800 Mhz乐队,以改善其4 g容量,”另一个人说。

塔塔可能会专注于回购在800 Mhz频段频谱在孟买,马哈拉施特拉邦,安得拉邦将于明年到期。“基于emd,我们认为拍卖将有趣的和最后的投标价值可能高达20000卢比每四个运营商与emd最高,“Prashant Singhal说,电信的领导人在EY练习。

最后拍卖收益通常小于5.5倍EMD存款。“因此,EMD存款15028卢比,我们估计拍卖收益率75000卢比到80000卢比在最好的情况下,”他说。
  • 发布于2016年9月17日08:43点坚持
是第一个发表评论。
现在评论

加入2 m +行业专业人士的社区

订阅我们的通讯最新见解与分析。乐动扑克

下载ETTelec乐动娱乐招聘om应用

  • 得到实时更新
  • 保存您最喜爱的文章
扫描下载应用程序
\"\"NEW DELHI: Reliance Jio Infocomm<\/a> is set to bid aggressively for spectrum in the forthcoming auction, upending expectations of rivals and raising the prospect of having to pay more than they had expected. Jio has filed the highest earnest money deposit (EMD<\/a>) — around Rs 6,500 crore, almost the same as the combined deposits made by the top three telcos, an indication of the Mukesh Ambani-owned newcomer’s aggressive intent in the spectrum sale slated to start October 1.
\n
Bharti Airtel,
Vodafone<\/a> India and Idea Cellular made deposits of around Rs 1,980 crore, Rs 2,745 crore and Rs 2,050 crore, respectively, people familiar with the auction process said. They added that Tata Teleservices made a deposit of over Rs 1,000 crore, while Reliance Communications and Aircel put in around Rs 313 crore and Rs 120 crore, respectively.
\n
\n“Going by (rough) calculations of EMDs, the government could sell airwaves worth Rs 1.5 lakh crore just at the reserve price, which could translate into upfront payment of at least Rs 55,000 crore,” a senior official told ET.
\n
\n\"\"
\n
\nAnalysts differed, saying the government is likely to raise around Rs 80,000 crore from its largest sale of airwaves.The finance ministry has budgeted revenue of Rs 98,995 crore from telecom, which includes less than Rs 55,000 crore from the spectrum auction this fiscal year. The rest is expected to come from various levies, services and dues from the auctions last year.
\n
\nJio’s auction pitch took the industry by surprise as it had been assumed the company would not bid aggressively and only look to fill coverage gaps. This was based on Jio having acquired sufficient capacity in recent auctions and a sharing and trading pact with RCom. “We are surprised to see Jio’s deposit. It’s way above our estimates but shows its intent,” said a top executive.
\n
\nTelecom veteran BK Syngal of Dua Consulting said Jio could well buy some spectrum in the 700 Mhz band given the deposit. An analyst at a foreign brokerage said even no. 1telco Bharti Airtel could pick up 700 Mhz spectrum in certain circles — Uttar Pradesh East and West and Bihar —where prices are relatively low. Participants are allotted points on the basis of the EMD.
\n
\nThe deposit reflects the war chest an operator has to buy airwaves. EMD is typically pegged at about 10% of the reserve price of airwaves in each circle. Jio’s EMD shows that at the current base price, the company could theoretically buy spectrum worth Rs 65,000 crore.
\n
\nVodafone, Idea vulnerable<\/strong>
\n
\n\"\"With Airtel comfortably placed on data spectrum holdings, Vodafone India and Idea Cellular could be vulnerable to escalating auction rounds since the two have no choice but to buy
4G<\/a> airwaves. Without these frequencies, they would be at a disadvantage as the battle shifts to mobile data. The 4G airwave holdings of Vodafone and Idea in terms of circles are less than half those of Airtel and Jio. The government is auctioning 2,354.55 MHz of spectrum across seven bands, including 700 MHz band, which is being offered for the first time.
\n
\nAt the reserve price, the airwaves are valued at over Rs 5.6 lakh crore, of which Rs 4 lakh crore is expected from the 700 MHz bandwidth, considered the best for 4G services but also the most expensive. “Vodafone and Idea might actually bid for airwaves in the 2300 Mhz and the 2500 Mhz band rather than the 1800 Mhz band for 4G,” an executive said.
\n
\nAirwaves in the higher bandwidth are cheaper than those in the 1800 Mhz band.
\n
\n“Had 1800 Mhz band been priced say 30% cheaper than what is it, it would have made more sense for the two telcos to buy it then,” the person added. Another executive said Airtel was also expected to buy more airwaves but primarily to plug gaps in its 3G and 4G holdings.
\n
\n“The company holds 3G airwaves in 2100 Mhz band only in 13 circles and could beef that up. Similarly, it could buy additional bandwidth in both the 2300\/2500 Mhz as well as the 1800 Mhz bands to improve its 4G capacity,” another person said.
\n
\nTata is likely to focus on buying back spectrum in the 800 Mhz band in Mumbai, Maharashtra and Andhra Pradesh that expires next year. “Based on the EMDs, we think the auctions will be interesting and that final bidding value could be upwards of Rs 20,000 crore each for the four operators with the highest EMDs,” said Prashant Singhal, leader of the telecom practice at EY.
\n
\nFinal auction proceeds are typically less than 5.5 times the EMD deposits. “Hence, with EMD deposits of Rs 15,028 crore, we would estimate the auctions to yield between Rs 75,000 crore and Rs 80,000 crore at best,” he said.\n\n<\/body>","next_sibling":[{"msid":54373803,"title":"Seven telcos submit Rs 15,000 crore earnest money for auction","entity_type":"ARTICLE","link":"\/news\/seven-telcos-submit-rs-15000-crore-earnest-money-for-auction\/54373803","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":54373856,"entity_type":"ARTICLE","title":"Reliance Jio files around Rs 6,500 crore deposit for upcoming spectrum sale","synopsis":"Airtel, Vodafone and Idea made deposits of around Rs 1,980 cr, Rs 2,745 cr and Rs 2,050 cr, respectively, people familiar with the auction process said.","titleseo":"telecomnews\/reliance-jio-files-around-rs-6500-crore-deposit-for-upcoming-spectrum-sale","status":"ACTIVE","authors":[{"author_name":"Anandita Singh Mankotia","author_link":"\/author\/479231328\/anandita-singh-mankotia","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479231328.cms?width=100&height=100","author_additional":{"thumbsize":false,"msid":479231328,"author_name":"Anandita Singh Mankotia","author_seo_name":"anandita-singh-mankotia","designation":"Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2016-09-17 08:43:15","lastupd":"2016-09-29 16:14:27","breadcrumbTags":["Vodafone","4G","EMD","Reliance Jio Infocomm","spectrumauction2016","3G\/4G","Jio2016"],"secinfo":{"seolocation":"telecomnews\/reliance-jio-files-around-rs-6500-crore-deposit-for-upcoming-spectrum-sale"}}" data-news_link="//www.iser-br.com/news/reliance-jio-files-around-rs-6500-crore-deposit-for-upcoming-spectrum-sale/54373856">