| 3G spectrum auctions: Current focus is on the 3G auctions whereinterested entities have to submit their applications by end of this week (19 March) – auctions are scheduled for 9th April. We expect intense competition for the 3 available spectrum slots as 3 incumbents (Bharti, Vodafone, RCOM) potentially compete with Idea, Tata Teleservices, Aircel. New operators like Etisalat and Uninor are not likely to bid for 3G in our view. We expect the auction price for pan-India spectrum to exceed Rs55Bn (vs. base price of Rs35Bn). BWA spectrum auction would be an equally competitive affair with TCOM, Qualcomm, Orange in the fray and RCOM, Google said to be interested. • The company has started offering daily packs at effective rates of Rs0.17 / Rs0.40 / Rs0.47 per minute for on-net / off-net / STD. The company has also slashed international calling rates (more details on page 2). More importantly, the company has also launched very competitive pricing on non-voice plans –
Tata Docomo has also launched 'Rollover Plan' where enterprise customers pay by month and enjoy the facility of carrying forward their unused free talk time and SMS for a period of three months (for 8 such 3-month cycles). • Rs 5.2mn per tower) making it India's largest independent tower player. • media reports indicate that management have not faced any hurdles so far in due diligence for Zain Africa and Bharti is confident of closing the deal. According to media reports (Livemint), Bharti has already issued a term Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints. Nothing in this article is, or should be construed as, investment advice. |
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