#NIFTY50CLOSINGBELL: 31st October, 2014 #Nifty closed positive at 8322.20 (+153.00 or +1.87%) as market continues winning streak throughout this week. #BankNifty closed positive at 17045.05 (+285.00 points or +1.70%). #NiftyGainers: #IDFC, #HDFC, #LarsentToubro, #GAIL and #TataPower #NiftyLosers: #BhartiAirtel and #ZeeLtd #MajorEconomicMovements: Telecom Commission to discuss spectrum auction on November 7 Inter-ministerial panel Telecom Commission is scheduled to meet on November 7 to discuss next round of spectrum auction along with broadband project and TRAIs recommendation on indoor wireless telephony. Telecom Regulatory Authority of India, on October 15, gave its recommendation on spectrum auction for premium 900 Mhz band and 1800 Mhz band that are presently being used for 2G GSM mobile services by Airtel, Vodafone, Idea Cellular and Reliance Communications. Government has proposed to put for auction about 184 Mhz of spectrum in 900 Mhz band which is held by these companies through their various licences expiring in 2015-16. The four telecom operators will have to buy spectrum afresh to continue their services. In 1800 Mhz, government has proposed to auction 104 Mhz of spectrum which included spectrum held by licences that are expiring in 2015-16 and unsold airwaves in February auction. The regulator has already given its view on pricing of 800 Mhz band which is used for CDMA based mobile telephony. In the coming days, telecom operators will be able to deploy 4G technology in all these spectrum band.
Posted on: Fri, 31 Oct 2014 10:24:18 +0000
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