Telecom shares rally on hopes of spectrum price cut, Bharti Airtel up 9%

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No bidders emerge for GSM spectrum; prices may be cut 'significantly'. (Reuters) No bidders emerge for GSM spectrum; prices may be cut 'significantly'. (Reuters)
SummaryNo bidders emerge for GSM spectrum; prices may be cut 'significantly'

Shares and Securities Pvt Ltd in Mumbai. "That will consequently make Bharti, Vodafone, Idea pay lower spectrum prices to government. So ultimately that will come on (their) balance sheet in terms of lower debt," she said.

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