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Duff & Phelps India Country Leader Varun Gupta shared his views on the price and fair value of the telecom spectrum in India in a Forbes India op-ed. The article discusses the timeline of the spectrum policy in India and its evolution.
From the Telecom Regulatory Authority of India’s (TRAI) ruling to go ahead with the auction for allocating 3G and Broadband Wireless Access (BWA) spectrum to uplift the debt-ridden telecom sector to the life of spectrum, Varun made several noteworthy observations. While the number of subscribers grew, the industry profitability dropped because of intense competition and low average revenue per user (ARPU). Hence, it became essential to discover fair value based on the spectrum’s economic utility to ease the process for future auctions.
Read the full article in Forbes India