Vodafone Idea launches $2.16 billion share sale totaltele.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from totaltele.com Daily Mail and Mail on Sunday newspapers.
Spectrum auction: Airtel buys airwaves in Vodafone Idea’s strongholds
×
Mumbai, March 3
One of the trends emerging from the recently concluded spectrum auction is that Bharti Artel is looking to take a larger market share in areas where Vodafone Idea has been traditionally stronger.
Airtel has acquired bandwidth in the 800 Mhz band in MP, Maharashtra, UP West and Haryana, and also enhanced its 900 Mhz holdings in Kerala and Gujarat, which are some of the largest markets for VIL in revenue terms.
“Airtel strengthened its spectrum holdings in some of VIL’s strongholds, which we think, positions it well for further market share gains. VIL’s participation in the auction was constrained by its liquidity issues and it also has a relatively under-utilised spectrum. Large investments by competitors in some of its strong markets will likely exert further pressure on VIL, in our view,” Kunal Vora, Associate Directors at BNP Paribas said in a research report.