Telecom on strong foot amid govt support, ICICI Securities

While India is behind the curve as of now for 5G (67 countries have already deployed), 2022 is the year when the auction is likely to be held second half of the year. However, ahead of the same, telcos have asked for cut in spectrum prices by 90%, at least a 5-6 years of moratorium on the payments, zero upfront payment and allowing them to pay the bid amount over 25 years Thus, the response to the above will be key for overall spectrum demand, in our view.

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