Idea Shares dropped almost 4 per cent in trade after reports that the company may spend as much as 4 per cent in the upcoming auctions.
According to reports in the Economic Times, Idea Cellular may splurge a whopping $1.3 billion ( Rs 8,627 crore approx) in adding data spectrum in key markets in the upcoming auction around July while market leader Bharti may selectively buy 4G airwaves in the coveted 700 Mhz band in a few circles, where it is cheaper than 900 Mhz spectrum, brokerage HSBC was reported to have said in an Economic Times report.
Shares in Idea were last trading at Rs 114.75, down 4 per cent in trade.
Investors continue to worry on increasing debts due to spectrum auctions. Most telecom operators are have heavy debts on their books and this has become a matter of concern for most investors.
GoodReturns.in
Notifications
Settings
Clear Notifications
No New Notifications
Notifications
Use the toggle to switch on notifications
Block for 8 hours
Block for 12 hours
Block for 24 hours
Don't block
To start receiving timely alerts, as shown below click on the Green “lock” icon next to the address bar
Click it and Unblock the Notifications
Close X
Close X
To Start receiving timely alerts please follow the below steps:
Click on the Menu icon of the browser, it opens up a list of options.
Click on the “Options ”, it opens up the settings page,
Here click on the “Privacy & Security” options listed on the left hand side of the page.
Scroll down the page to the “Permission” section .
Here click on the “Settings” tab of the Notification option.
A pop up will open with all listed sites, select the option “ALLOW“, for the respective site under the status head to allow the notification.
Once the changes is done, click on the “Save Changes” option to save the changes.
Click it and Unblock the Notifications
Sign in with Google