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Wednesday, February 9, 2011

Idea, RCom, Bharti, MTNL react to TRAI recos


 In a development that has huge financial implications for existing as well as new operators, telecom regulator TRAI has recommended fixing the price for 6.2 Mhz of pan-India start-up 2G spectrum at Rs 10,972.45 crore, more than six times the present cost of Rs 1,658 crore. 

In its recommendations to the Department of Telecom (DoT), Trai has also said that every Mhz of additional spectrum (on an all-India basis) beyond the contracted limit of 6.2 Mhz would cost a massive Rs 4,571.87 crore.

Most of the telecom firm, including Bharti, Vodafone , Idea and state-owned companies like BSNL and MTNL, hold extra spectrum beyond 6.2 Mhz and the new norms would put a huge financial burden on these telcos. 

Shares of Bharti Airtel were at Rs 333.65, up 0.11 per cent on the NSE . The scrip touched a low of Rs 324.65 and high of Rs 336.70 in trade so far. 

Idea Cellular was at Rs 66.55, down 1.85 per cent on the NSE. The scrip touched a low of Rs 65.40 and high of Rs 68 in trade so far. 

Reliance Communications was at Rs 108.35, down 1.90 per cent on the NSE. The scrip touched a low of Rs 105.15 and high of Rs 109.80 in trade so far. 

MTNL was also witness profit booking. The stock was at Rs 42.85, down 2.83 per cent on the NSE. The scrip touched a low of Rs 42 and high of Rs 43.60 in trade so far.source

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