Business

Bidding High Capex A Near-Term Concern; Jio’s 700MHz Bid A Surprise, Say Analysts

[ad_1]

The capital expenditure to create 5G capacity might have near-term implication on free cash flow for telecom firms, analysts said.India’s first-ever 5G spectrum auction saw airwaves worth Rs 1.50 lakh crore being sold. A total of 51,236 megahertz or 71% of the 72,098 MHz put up for auction was sold, Telecom Minister Ashwini Vaishnaw said while addressing the media on Monday.Mukesh Ambani-controlled Reliance Jio Infocomm Ltd. was the …



[ad_2]

Source link

What is your reaction?

Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0

You may also like

Comments are closed.

More in:Business