The impending spectrum auction is expected to yield Rs60,000-80,000 crore in revenue due to limited participation from telecom operators who are already under huge debt burden, ratings agency ICRA has said.
“Given the evolving ecosystem around the new bands and steep pricing, ICRA expects limited participation from telecom companies in the upcoming spectrum auctions. Overall, it expects spectrum worth Rs60,000-80,000 crore to be sold in this auction, which would add to the already sizeable debt levels of the industry,” ICRA said in a statement. The regulator Trai has recommended pricing formula for the next spectrum auction, which is expected to be held in July.