Kolkata: Earnest money deposits (EMDs) put in by Reliance Jio<\/a>, Bharti Airtel<\/a> and Vodafone Idea<\/a> (Vi) show that operators are likely to once again give expensive 700 Mhz spectrum a miss in the upcoming auction, starting March 1, analysts said. 保证金存款(emd)放在信实Jio Bharti Airtel和沃达丰的想法(Vi)显示,运营商可能会再次给贵700 Mhz频段小姐在即将到来的拍卖,从3月1日开始,分析师表示。 加尔各答:保证金存款(emd)放入依赖Jio,Bharti附近的旅馆和沃达丰的想法(Vi)显示,运营商可能会再次给贵700 Mhz频段小姐在即将到来的拍卖,从3月1日开始,分析师表示。 Kolkata: Earnest money deposits (EMDs) put in by Reliance Jio<\/a>, Bharti Airtel<\/a> and Vodafone Idea<\/a> (Vi) show that operators are likely to once again give expensive 700 Mhz spectrum a miss in the upcoming auction, starting March 1, analysts said.
”Operators can buy spectrum worth 5-to-7x of the EMD<\/a>, and the deposits, which help understand maximum spectrum payout show they are unlikely to bid for the 700 Mhz spectrum band,” ICICI Securities<\/a> said in a note.
The EMD size is indicative of a telco’s bidding strategy as it gives an operator eligibility points, based on which it can target a certain quantum of airwaves.
The upcoming auction for nearly 2300 units of airwaves across seven 4G bands – from 700 Mhz to 2500 Mhz – are valued at Rs 3.92 lakh-crore at base price. But analysts expect the government to garner under Rs 50,000 crore from the sale as the most expensive 700 Mhz band is likely to stay unsold once again as in 2016.
According to ICICI<\/a> Securities, Jio, Airtel and Vi’s respective EMDs of Rs 10,000 crore, Rs 3,000 crore and Rs 475 crore caps their potential spectrum payouts at Rs 70,000 crore, Rs 21,000 crore and Rs 3,300 crore respectively in the upcoming sale.
The brokerage, though, said Bharti’s Rs 3,000 crore EMD is higher than expectations, while loss-making Vi’s modest sum is in line.
<\/p>Read also<\/h4>
![](\"\/\/www.iser-br.com\/Themes\/Release\/images\/responsive\/ettelecom-default.jpg\")
<\/a><\/figure>Jio puts in EMD of Rs 10,000 cr, Airtel & Vodafone Idea put Rs 3000 cr, Rs 475 cr each for spectrum auction<\/a><\/h5><\/div>
<\/a><\/figure>DoT swings into action after recent 5G readiness report; trial spectrum allocation likely in coming weeks<\/a><\/h5><\/div><\/div><\/div>
ICICI Securities expects Airtel to buy sub-Ghz spectrum in the 900 Mhz band only in Tamil Nadu and Madhya Pradesh in the March sale, and fill gaps in the six circles in this sub-Ghz band in future auctions. It also expects the telco to buy 1800 Mhz spectrum to complete at least 5 carriers in each circle and beef up airwave holdings in the 2300 Mhz band, which would help it make a smooth transition to 5G using dynamic spectrum-sharing technology.
Airtel recently demonstrated live 5G services on its 4G network using the 1800 MHz band and said it could commercially launch 5G with existing 4G airwaves in a few months.
The brokerage expects Vi to renew 5 units of spectrum in its expiring 900 Mhz band in Tamil Nadu and also potentially target 5 units in the 1800 Mhz band each in Andhra Pradesh and UP-East.
Analysts said Jio’s significantly higher EMD compared to its incumbent rivals underlines its need to renew expiring airwaves in the 800 MHz band that it owns and those of Reliance Communications<\/a> that it uses. It is likely to be the most aggressive buyer as it needs to both renew expiring airwaves and add airwaves to cater to a rising user base consuming more data.
Jio has also said it’s ready to launch 5G in the second half of 2021 on its own technology. It recently said it was 5G-ready and had developed its own ecosystem that would make it a global 5G vendor.
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Jio Airtel,沃达丰(Vodafone)想法的emd建议电信公司给700 Mhz频段小姐:印度工业信贷投资银行证券
“运营商可以购买价值谱系5-to-7xEMD,存款,帮助理解最大频谱支付显示他们不太可能竞购700 Mhz频段乐队”印度工业信贷投资银行证券在一份报告中称。
EMD大小是表明一个电信的投标策略,因为它给操作员资格分,基于它可以针对一个特定量子的电波。
根据印度工业信贷投资银行证券、Jio Airtel和Vi的各自的emd 10000卢比,3000卢比,475卢比潜在频谱支出限制在70000卢比,21000卢比,3300卢比分别在即将到来的销售。
不过,经纪说Bharti的3000卢比EMD高于预期,而亏损的Vi的温和的金额是一致的。
ICICI证券希望Airtel购买sub-Ghz光谱在900 Mhz频段里只有在泰米尔纳德邦和中央邦在3月销售,和填补空白的6个圆圈sub-Ghz乐队在未来拍卖。也希望电信购买1800 Mhz频段完成至少5每个圆及加强电视控股的航空公司在2300 Mhz频带,这将有助于使一个平稳过渡5 g使用动态频谱共享技术。
Airtel最近演示了5 g服务其4 g网络使用1800 MHz频带和表示,它可以与现有的商业发射5 g 4 g无线电波在几个月。
券商预计Vi更新5单位即将到期的900 Mhz频段的频谱在泰米尔纳德邦和潜在目标5单元1800 Mhz频带每个在安得拉邦和以东。
分析师称Jio现任对手的EMD相比显著升高,突显其到期需要续签电波在800 MHz乐队拥有的信实电信它使用。它可能是最积极的买家,因为它需要更新到期电波和添加电波迎合用户群消费上升更多的数据。
Jio也表示它准备在2021年下半年推出5 g的技术。最近表示,5 g功能已经开发了自己的生态系统,将使它成为一个全球5 g供应商。
”Operators can buy spectrum worth 5-to-7x of the EMD<\/a>, and the deposits, which help understand maximum spectrum payout show they are unlikely to bid for the 700 Mhz spectrum band,” ICICI Securities<\/a> said in a note.
The EMD size is indicative of a telco’s bidding strategy as it gives an operator eligibility points, based on which it can target a certain quantum of airwaves.
The upcoming auction for nearly 2300 units of airwaves across seven 4G bands – from 700 Mhz to 2500 Mhz – are valued at Rs 3.92 lakh-crore at base price. But analysts expect the government to garner under Rs 50,000 crore from the sale as the most expensive 700 Mhz band is likely to stay unsold once again as in 2016.
According to ICICI<\/a> Securities, Jio, Airtel and Vi’s respective EMDs of Rs 10,000 crore, Rs 3,000 crore and Rs 475 crore caps their potential spectrum payouts at Rs 70,000 crore, Rs 21,000 crore and Rs 3,300 crore respectively in the upcoming sale.
The brokerage, though, said Bharti’s Rs 3,000 crore EMD is higher than expectations, while loss-making Vi’s modest sum is in line.
<\/p>Read also<\/h4>
<\/a><\/figure>Jio puts in EMD of Rs 10,000 cr, Airtel & Vodafone Idea put Rs 3000 cr, Rs 475 cr each for spectrum auction<\/a><\/h5><\/div>
<\/a><\/figure>DoT swings into action after recent 5G readiness report; trial spectrum allocation likely in coming weeks<\/a><\/h5><\/div><\/div><\/div>
ICICI Securities expects Airtel to buy sub-Ghz spectrum in the 900 Mhz band only in Tamil Nadu and Madhya Pradesh in the March sale, and fill gaps in the six circles in this sub-Ghz band in future auctions. It also expects the telco to buy 1800 Mhz spectrum to complete at least 5 carriers in each circle and beef up airwave holdings in the 2300 Mhz band, which would help it make a smooth transition to 5G using dynamic spectrum-sharing technology.
Airtel recently demonstrated live 5G services on its 4G network using the 1800 MHz band and said it could commercially launch 5G with existing 4G airwaves in a few months.
The brokerage expects Vi to renew 5 units of spectrum in its expiring 900 Mhz band in Tamil Nadu and also potentially target 5 units in the 1800 Mhz band each in Andhra Pradesh and UP-East.
Analysts said Jio’s significantly higher EMD compared to its incumbent rivals underlines its need to renew expiring airwaves in the 800 MHz band that it owns and those of Reliance Communications<\/a> that it uses. It is likely to be the most aggressive buyer as it needs to both renew expiring airwaves and add airwaves to cater to a rising user base consuming more data.
Jio has also said it’s ready to launch 5G in the second half of 2021 on its own technology. It recently said it was 5G-ready and had developed its own ecosystem that would make it a global 5G vendor.
<\/body>","next_sibling":[{"msid":81111706,"title":"Huawei exec loses UK court bid to access HSBC records","entity_type":"ARTICLE","link":"\/news\/huawei-exec-loses-uk-court-bid-to-access-hsbc-records\/81111706","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"81111983","title":"telecom-2021-getty","entity_type":"IMAGES","seopath":"telecomnews\/jio-airtel-vodafone-ideas-emds-suggest-telcos-to-give-700-mhz-spectrum-a-miss-icici-securities\/telecom-2021-getty","category_name":"Jio, Airtel, Vodafone Idea's EMDs suggest telcos to give 700 Mhz spectrum a miss: ICICI Securities","synopsis":"This scheme will lead to exports of about Rs 2 lakh crore and will bring investment of more than Rs 3,000 crore and generate huge direct and indirect employment and taxes both.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-618311\/81111983.cms?width=150&height=112","link":"\/image\/jio-airtel-vodafone-ideas-emds-suggest-telcos-to-give-700-mhz-spectrum-a-miss-icici-securities\/telecom-2021-getty\/81111983"},{"msid":"70292061","title":"Here is all the buzz about India's 5G spectrum auction","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/here-is-all-the-buzz-about-indias-5g-spectrum-auction","category_name":"Slide-Shows","synopsis":false,"thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-495375\/70292061.cms?width=150&height=112","link":"\/slide-shows\/here-is-all-the-buzz-about-indias-5g-spectrum-auction\/70292061"}],"msid":81111996,"entity_type":"ARTICLE","title":"Jio, Airtel, Vodafone Idea's EMDs suggest telcos to give 700 Mhz spectrum a miss: ICICI Securities","synopsis":"Earnest money deposits (EMDs) put in by Reliance Jio, Bharti Airtel and Vodafone Idea (Vi) show that operators are likely to once again give expensive 700 Mhz spectrum a miss in the upcoming auction, starting March 1, analysts said.","titleseo":"telecomnews\/jio-airtel-vodafone-ideas-emds-suggest-telcos-to-give-700-mhz-spectrum-a-miss-icici-securities","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":2021,"shares":0,"engagementtimems":5515000},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2021-02-19 18:53:25","lastupd":"2021-02-19 18:55:09","breadcrumbTags":["spectrum auction","Airtel","Vodafone Idea","reliance jio","ICICI securities","ICICI","Reliance communications","Industry","EMD","telecom news"],"secinfo":{"seolocation":"telecomnews\/jio-airtel-vodafone-ideas-emds-suggest-telcos-to-give-700-mhz-spectrum-a-miss-icici-securities"}}" data-news_link="//www.iser-br.com/news/jio-airtel-vodafone-ideas-emds-suggest-telcos-to-give-700-mhz-spectrum-a-miss-icici-securities/81111996">
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