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Telecom companies may spend Rs 1 lakh crore on spectrum in next auction

India’s telecom companies are likely to splurge Rs 1 lakh crore on buying spectrum across bands in the next auction likely in September, credit rating agency Crisil BSE 0.16 % said.

The top three carriers – Bharti Airtel BSE -1.46 %, Vodafone India and Idea Cellular BSE -1.08 % – are likely to account for 55-60% of the total spend to defend their turfs ahead of Reliance Jio Infocomm’s entry, it said.
Unlike previous auctions, operators do not face business continuity issues this time, but we expect reasonably healthy participation as incumbents will ramp up their 3G and 4G spectrum holdings ahead of Reliance Jio’s entry,” Crisil Research director Ajay Srinivasan said in an official statement on Monday.

The Union cabinet had last month approved what will be India’s biggest spectrum sale, in which the government plans to auction over 2200 MHz of airwaves across 4G bands.

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