New Street Research - Bharti Airtel Limited (BHARTIARTL) Indian Spectrum Auctions – what do we expect? Modest spending anticipated

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New Street Research

Chris Hoare

EUR 9289.00 For Business Accounts Only

Indian Spectrum Auctions – what do we expect? Modest spending anticipated

The Indian DoT has announced terms for its next spectrum auction, starting on 20th May. With $11.65bn of spectrum for sale at reserve prices, how does the auction compare to previous auctions and what is likely?

10/04/2024 1 EN

Underlying

Bharti Airtel Limited

Bharti Airtel provides telecommunication systems and services to individuals and businesses in India with operations in 20 countries across Asia and Africa. In India, Co.'s product offerings include 2G, 3G and 4G wireless services, mobile commerce, fixed line services, high speed DSL broadband, IPTV, DTH, enterprise services including national & international long distance services to carriers. In the rest of the geographies, it offers 2G, 3G wireless services and mobile commerce. Co. had nearly 287 million customers across its operations at the end of Dec 2013.

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INE397D01024 National Stock Exchange of India India

Provider

New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

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Analysts

Chris Hoare

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Indian Spectrum Auctions – what do we expect? Modest spending anticipated

Indian Mobile VIL Capital Increase – should you participate and what does it mean for Bharti, Jio and Indus? Indus to Reduce

EM Telcos Validating the Enterprise thesis

Bouygues Telecom Q1 24: Better SR growth - possibly supported by a consumer looking for deals

KSPI US (Buy, TP: $175, +45%) # INITIATION OF COVERAGE # Kaspi (Buy). If you like MercadoLibre , you'll probably love this!

Infineon 2FQ24: Last major cut behind us. Our thesis is playing out. Buy, €45 TP

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