The Telecom Commission has also approved the M&A policy which menas combined telcos can hold up to 50 percent market share in each circle. However, M&A policy may need Cabinet approval. The Telecom Commission, which met in New Delhi today, has decided to go ahead with 800 MHZ spectrum auction and finalised reserve price for 1800 MHz and 900 MHz spectrums, reports CNBC-TV18 quoting sources. Sources in Department of Telecom (DoT) says reserve price for pan India 1800 MHz spectrum has been fixed 15 percent higher and that for 900 MHZ has been fixed 25 percent higher than than what the TRAI had recommended. However, it is still lower than the previous auction price. The Telecom Commission has also approved the M&A policy which means combined telcos can hold up to 50 percent market share in each circle. While M&A policy may need Cabinet approval, EGoM will decide on spectrum pricing. Following the news, telecom stocks like Idea Cellular , Reliance Comm and Bharti gained between 1-3 percent each. On November 06, 2013, at 14:55 hrs Idea Cellular was quoting at Rs 166.50, up Rs 1.65, or 1.00 percent. The 52-week high of the share was Rs 188.35 and the 52-week low was Rs 84.60. The company's trailing 12-month (TTM) EPS was at Rs 3.70 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 45. The latest book value of the company is Rs 42.27 per share. At current value, the price-to-book value of the company was 3.94.The Telecom Commission has also approved the M&A policy which menas combined telcos can hold up to 50 percent market share in each circle. However, M&A policy may need Cabinet approval. The Telecom Commission, which met in New Delhi today, has decided to go ahead with 800 MHZ spectrum auction and finalised reserve price for 1800 MHz and 900 MHz spectrums, reports CNBC-TV18 quoting sources. Sources in Department of Telecom (DoT) says reserve price for pan India 1800 MHz spectrum has been fixed 15 percent higher and that for 900 MHZ has been fixed 25 percent higher than than what the TRAI had recommended. However, it is still lower than the previous auction price. The Telecom Commission has also approved the M&A policy which means combined telcos can hold up to 50 percent market share in each circle. While M&A policy may need Cabinet approval, EGoM will decide on spectrum pricing. Following the news, telecom stocks like Idea Cellular , Reliance Comm and Bharti gained between 1-3 percent each. On November 06, 2013, at 14:55 hrs Idea Cellular was quoting at Rs 166.50, up Rs 1.65, or 1.00 percent. The 52-week high of the share was Rs 188.35 and the 52-week low was Rs 84.60. The company's trailing 12-month (TTM) EPS was at Rs 3.70 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 45. The latest book value of the company is Rs 42.27 per share. At current value, the price-to-book value of the company was 3.94.
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