![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
Vi's revenue from operations surges 3% YoY; ARPU also improves 9.3% to ₹135
Shares of Vodafone Idea plunged 4% to ₹7 apiece on the NSE.
A meeting of the board of directors of the telecom company is scheduled to be held on Wednesday, 22nd June 2022, to consider a proposal for raising funds aggregating up to ₹500 cr.