Indian operators Reliance Jio and Bharti Airtel are the two only telcos in a position to buy pan-India 5G frequencies in the upcoming spectrum auction, according to a report by Bank of America (BofA) Securities.
“Higher reserve price is likely to disincentive any new telcos to bid in the auction and only telcos with strong balance sheets like Reliance Jio and Bharti Airtel are in a position to buy pan-India 5G spectrum. It remains unclear how Vodafone Idea would fund its 5G bids,” the BofA Securities research note said.
