Telecom stocks gain after mobile spectrum auction

Feb 14 2014, 10:45 IST
Comments 0
SummaryReliance Industries did not win any spectrum in the premium 900 megahertz in an auction for airwaves.

Telecom stocks gained on Friday after a mobile unit of Reliance Industries

did not win any spectrum in the premium 900 megahertz in an auction for airwaves, which could help ease competition in the sector.

Idea Cellular rose as much as 6.7 percent, while Bharti Airtel rose 4.8 percent after both won airwaves in premium 900 megahertz band spectrum.

Ads by Google

More from Markets

Reader´s Comments
| Post a Comment
Please Wait while comments are loading...