Bharti Airtel Dropped By Around 6 Percent

bharti airtel share fellStocks of telecommunications giant Bharti airtel dropped by around 6 percent during the early trade on the BSE today, after a large sell-off by traders in the middle of confusion over telecommunications regulator Telecom Regulatory Authority of India .s new suggestions on 2G spectrum pricing.

The TRAI has suggested a six-fold rise in the cost of start-up 2G spectrum and it has mentioned that each Megahertz of additional spectrum above the contracted limit of 6.2 Megahertz will cost an enormous Rs 4,571.87 cr.

Bhartiairtel keeps extra spectrum beyond 6.2 Megahertz and also the fresh norms would make a massive financial burden on the firm. In addition, the firm will need to spend a significant amount to restore its licence according to the fresh norms suggested by TRAI.


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