The overall spectrum capacity of the company stands at 253 MHz. 60 MHz is coming up for renewals, says Himanshu Kapania, MD, Idea Cellular.
Cost for consumers may rise as cost of spectrum rises, is the word coming in from Himanshu Kapania, MD, Idea Cellular . Telecom companies such as Idea Cellular are eagerly awaiting announcement on reserve price for spectrum auction. The overall spectrum capacity of the company stands at 253 MHz, of which 60 MHz is coming up for renewals.
Most of the spectrum that will be up for renewal is from the 900 MHz band, says Kapania.
Going ahead, he believes that mobile internet will be big business in the coming years considering that only 20 percent customers use internet on the phone.
According to him, 3G will evolve till 2020 and 4G will be relevant only after that.
Stay tuned for more…
Idea Cellular stock price
On December 29, 2014, at 14:15 hrs Idea Cellular was quoting at Rs 150.85, up Rs 0.95, or 0.63 percent. The 52-week high of the share was Rs 177.30 and the 52-week low was Rs 125.10.
The company's trailing 12-month (TTM) EPS was at Rs 6.13 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 24.61. The latest book value of the company is Rs 44.10 per share. At current value, the price-to-book value of the company is 3.42.
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