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Hemang Jani, Equity Strategist & Senior Group VP, MOFSL continues to be positive on both Airtel and Jio. Given the very aggressive bidding that they have done for 5G auction, one has to see their price hike plan. There is renewed optimism in the PSU space. Does it make a case for investment or is it still a trading bet? The way things have gone post Budget in terms of the entire divestment plan and the progress that we have seen in terms of decision making by the government to move forward has brought in positive sentiment. After one or two actual divestments happen in BPCL or may be Concor and a couple of shipping companies, that would set the tone for a bigger rerating for the sector. ....
Bharti Airtel seemed to have a strategy focused on filling the gap in sub-GHz, and capacity spectrum. Representational Image Telecom companies have bid for more than the street expected them to shelve for radio airwaves in the auction held by the Government of India on March 1 & 2. The government raked in Rs 77,800 crore vs its expectation of Rs 45,000 crore. Out of the total 2308.8 MHz on the block bids came for 855.6 MHz of the spectrum. Lion s share in this spectrum buyout is Reliance Jio s which bought 488.35 MHz of spectrum for Rs 57100 cr, this was 44% higher than required for renewal. Bharti Airtel on other hand has 104% higher than required for renewal with bidding for 355.45 MHz for Rs 18,700 cr. Bharti Airtel seemed to have a strategy focused on filling the gap in sub-GHz, and capacity spectrum. ....
As far as Vodafone Idea is concerned, to a certain extent, the uncertainties about its survival are over though the fundraising part is a huge challenge , says the Inditrade Capital Group Chairman. ....