![Cabinet approves spectrum auction; here's how telecom stocks reacted](https://images.assettype.com/fortuneindia%2F2022-06%2Fb39e9ec6-7341-4d12-99b2-9c274ab00ca3%2FTelecom.jpg?w=300&q=95)
Cabinet approves spectrum auction; here's how telecom stocks reacted
Airtel, Vi in red, RIL gains after spectrum auctions approved at ₹96,317.6 cr base price
Airtel, Vi in red, RIL gains after spectrum auctions approved at ₹96,317.6 cr base price
Airtel shares were down 0.6%; stake sale decision by Singtel is part of its plan to raise over S$2 billion to meet needs for 5G and expansion initiatives.
Adani Group says it will need ultra high quality data streaming capabilities through a high frequency and low latency 5G network across all its businesses.
Bharti Airtel says it has cleared ₹24,334 crore of its deferred spectrum liabilities.