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TRAI issued recommendations that tagged 2G Spectrum Price with that of 3G. However, the recommendations are not likely to be accepted in its current form. Industry Analysts met DoT and TRAI officials and here is the takeaway from the meeting. De-linking of 2G Spectrum price from 3G Auction Price: Incumbent…

RCOM’s 4QFY10 revenues and EBITDA (down 4%/ 12% qoq) came in 6%/13% below our estimates. Reported PAT of Rs12.2bn was up 10% qoq, but we estimate adj. /normalized PAT of Rs4.9bn (down 25% qoq). RCom Management on Impact of TRAI Recommendations – Mgmt confirmed that savings on account of reduction…

TRAI’s New 2G Spectrum Allocation and Renewal recommendations along with guidelines for M&A has drawn criticism from all the corners. Lead Institutional Investors, the big financiers for Indian Telecom Sector are unhappy with the recommendations and their reaction is as under, Citigroup said, Though the TRAI recos will need to…

TRAI yesterday submitted wide-ranging recommendations to the government (DoT) on licensing, 2G spectrum allocation/pricing, M&A etc. We discuss they key recommendations, TRAI recommendations on licensing related issues Tower companies and Internet service providers brought under licence fees – Negative – Negative for Indus Tower joint venture, Bharti Infratel, and other…

We are believers in the prospects of 3G in India due to maturity of internet usage, falling prices and improving usability of handsets and the proliferation of mobile applications. 3G Expenses and Income common for all Operators – We expect near term pressure on profitability of operators winning the 3G…

Auctions should come to a logical end over the next 2-3 days, but demand movement and activity over the past two days clearly indicates that some operators have pulled out (technically taken eligibility points hit) either completely or partially from the auctions. However, we believe there are still enough players…

Uninor [Unitech + Telnor JV in India] disclosed that it has 2.1m active subs i.e. just 50% of the reported 4.3m as of Mar-10. The company defines active subs as those that used network during last 30 days. Even on active subs, ARPU at ~Rs90 suggests low usage especially given…

A year after BSNL introduced the concept of Net PC (Thin Client) slashing the entry cost for going online, Airtel Broadband is also offering Net PC. To start with Airtel is offering this service in Chennai circle and will later expand to other cities. What is Net PC ? It…