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5G spectrum auction prices too expensive for Telcos : Fitch

Jul 30, 2019 14:40 IST

 India's reserve price of $70 million per MHz is "expensive", and will force Vodafone Idea and Bharti Airtel to participate in 5G spectrum auctions in a "limited" way, according to a report by global rating agency Fitch. The comments come weeks after nearly all the telecom companies expressed their concerns on the spectrum pricing. Fitch also observed that said Indian telcos, will have to shell out $7 billion for a Pan-India license with 100 MHz of spectrum. The agency said it is unlikely the auction will happen in 2019, despite comments by the telecom minister Ravi Shankar Prasad in June, saying an auction would take place this year.

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