Idea's operational performance to pick up

India's telecom spectrum auction closed on Thursday with the government raising about Rs 65,700 crore. Telecom companies Bharti Airtel and Idea Cellular made bids worth about Rs 14,000 crore and Rs 12,000 crore, respectively. 

 

Telcos spent more on the spectrum auction than was expected and most telcos added capacity in a bid to provide better services. He added that the brokerage has a buy call on both Bharti Airtel and Idea Cellular. Idea's financial performance may take a beating, its operational performance will pick up going ahead. 

 

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