According to rating agency Fitch, India can in the long run support five-six profitable telecom operators.
As per the initial proposal, DoT had sought 60 days time to start auction from the date cabinet decides on the spectrum base price and the NIA was to be issued after 15 days of the decision.
The telecom spectrum auction entered the 33rd round of bidding today after starting off from the Rs 52,689 crore (Rs 526. 89 billion) mark this morning.
The Sensex ended below 28,000 for the second straight day at 27,869.
Telecom tower companies likely to invest around Rs 500 crore (Rs 50 billion) to enhance network.
The market breadth in BSE remains positive with 1,554 shares advancing and 1,196 shares declining.
The marketplace was simply not conducive to the extension and evolution of broadband networks, particularly for less dense rural markets, so connectivity and services suffered.
Telecom companies that bought spectrum in the 2G auction of November last year would lose around Rs 4,000 crore
The intial round of efforts did not achieve the objectives fully.
'Students tell me their parents are fine with them either joining a start up or even starting one. This was not the case 10 years ago.'
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances