Govt may cut reserve price of spectrum ahead of the 5G auction: CLSA

Reserve price for future auction could be cut, says CLSA

The government may cut the reserve price of spectrum ahead of the 5G auction, given 63 per cent of spectrum remained unsold at this week’s auction, CLSA said in its investor note.
 
The government had put 2,250 megahertz (MHz) of spectrum on offer. After the two-day auction, it sold 855.6 MHz. While the highest interest was seen in the 800-MHz, 1,800-MHz, and 2,300-MHz segments, airwaves in 700 MHz and 2,500 MHz remained unsold.
 
While Reliance Jio bagged more than 50 per cent of the sold spectrum for Rs 57,122.65 crore, Airtel secured spectrum worth Rs 18,698.75 crore. Vodafone