Bharti, Idea share prices may double in 3 years
By Prashant R Nair | Published On: August 27, 2012 12:30 (IST) | Duration: 17 min, 10 sec
Suresh A Mahadevan, head of India equities at global brokerage firm UBS Securities told NDTV Profit today that there is no business case for any telecom operator to bid in 2G auctions. Companies that won fresh spectrum in 2008-09 are far from an ebidta break even and at the new auction prices it will be even more difficult for them to get ebidta even. Any consolidation in the sector will help Bharti and Idea.