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Bharti to get additional spectrum in Maharashtra

Bharti to get additional spectrum in Maharashtra
PTI
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First Published: Mon, Sep 29 2008. 02 55 PM IST
Updated: Mon, Sep 29 2008. 02 55 PM IST
New Delhi: Cellular major Bharti Airtel is likely to get additional spectrum in Maharashtra, along with new telecom licensees such as Unitech, Swan and Datacom.
“The new licensees would be getting start-up frequency 4.4 MHz in the next two days,” official sources said adding that Telecom Minister A. Raja is likely to clear the file soon.
The allocation of spectrum has led to high valuation of Indian telecom companies, with even a new entity like Swan ,which is yet to start operations but has got spectrum in few circles, having a valuation of two billion dollars following picking up of 45% stake for $900 million by UAE-based Etisalat in the company last week.
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First Published: Mon, Sep 29 2008. 02 55 PM IST