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Telecom stocks ring loud on the likelihood of reconsideration of 2G spectrum auction recommendations

Bharti Airtel Ltd. | Telecommunication - Service Provider | Telecom | BSE: 532454 | NSE: BHARTIARTL

17 May 2012 Evaluate

Telecom stocks were seen ringing loud after reports surfaced that Telecom regulator, TRAI, may reconsider its recommendations on spectrum auction if the government insists the former in doing so. TRAI under its latest recommendations on spectrum auction has proposed, among other proposals, a reserve price of Rs 3,622 crore for 1 MHz pan-India spectrum, which is around 10 times higher than the price at which 2G licences were allocated in 2008 under the then Telecom Minister A Raja. However, the course of events would be principally decided by the Telecom Commission, the highest decision-making body of the communications ministry, which is scheduled to meet on May 24 to take a view on these proposals.

Idea Cellular is currently trading at Rs 83.75, up by 1.75 points or 2.13% from its previous closing of Rs 82.00 on the BSE. The scrip opened at Rs 82.50 and has touched a high and low of Rs 84.70 and Rs 82.45 respectively. So far 52092 shares were traded on the counter.

Bharti Airtel is currently trading at Rs 302.45, up by 4.30 points or 1.44% from its previous closing of Rs 298.15 on the BSE. The scrip opened at Rs 301.00 and has touched a high and low of Rs 305.50 and Rs 299.90 respectively. So far 69773 shares were traded on the counter.

Reliance Communications is currently trading at Rs 66.00, up by 0.60 points or 0.92% from its previous closing of Rs 65.40 on the BSE. The scrip opened at Rs 65.80 and has touched a high and low of Rs 67.10 and Rs 65.75 respectively. So far 604464 shares were traded on the counter.

Mahanagar Telephone Nigam (MTNL) is currently trading at Rs 22.10, up by 0.35 points or 1.61% from its previous closing of Rs 21.75 on the BSE. The scrip opened at Rs 22.10 and has touched a high and low of Rs 22.20 and Rs 21.80 respectively. So far 56008 shares were traded on the counter.

Bharti Airtel Share Price

1846.55 6.20 (0.34%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Bharti Airtel	1846.55
Vodafone Idea	9.62
Indus Towers	412.35
Tata Communications	1521.05
Bharti Hexacom Ltd.	1538.30
View more..

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Telecom stocks ring loud on the likelihood of reconsideration of 2G spectrum auction recommendations

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