Telecom firms Bharti Airtel, Vodafone Group Plc's local unit and Idea Cellular can maintain until April 11 pacts allowing them to offer 3G services outside their licensed zones, the Supreme
Shares in mobile network operators rallied on Tuesday with Bharti Airtel Ltd rising as much as 9. 3 percent to the highest level since February 1 on hopes the
Bharti Airtel, Vodafone and Idea Cellular have demanded allocation of a part of CDMA spectrum in 800 Mhz band for GSM services.
"We recommend that the 800 MHz spectrum band
Bank of America-Merrill Lynch upgraded Bharti Airtel and Idea Cellular to 'buy' from 'neutral' citing the positive outcome of the 2G auction this week.
BoA-Merrill said the "deep" under-performance in
India's wireless services providers rise after an auction of 2G airwaves attracts less demand than targeted by the government because prices are seen as too high.
The low prices give
On the last date for filing applications to participate in the 2G auctions:
* Vodafone files application for participating in the 2G spectrum auctions.
* Tata Teleservices: Filed applications
Malaysia's Axiata Group Bhd, which owns about a fifth of Indian mobile phone carrier Idea Cellular Ltd, is not looking at increasing or cutting its stake in the Indian company,
Wireless services providers fall on continued profit-taking on expectations a run-up in share prices this month is unjustified given concerns about the sector's outlook.
Competitiveness in the sector is expected
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