The bidding for four spectrum bands is scheduled to start from March 4.
As investors struggle to find quality stocks following the sharp rise in the benchmark indices, four brokerages give their picks.
Telcos have indicated that rates will have to be raised, as higher volumes alone will not suffice to meet the higher costs.
The operating profit growth rate of mobile service providers is expected to double in next two years buoyed by increase in call rates and clarity in policy, credit rating agency CRISIL has said.
The consolidated revenue increased 20 per cent to Rs 8,422 cr
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