A small thread based on a Whatsapp report on Specturm holdings :
Do your due diligence:
If one look at the total spectrum portfolio of #VodafoneIdea and its total worth and the expiry date and compare that with Airtel and Jio .
Do your due diligence:
If one look at the total spectrum portfolio of #VodafoneIdea and its total worth and the expiry date and compare that with Airtel and Jio .
VIL is the market leader in holding highest quantities in 900, 1800, 2100 and 2500 MHz ranges. It holds 143, 178, 195, 370 mhz in each band. Airtel and Jio have less spectrum than VIL.
Valididity of VIL`s spectrum. Most of them has starts expiring from 2030 onwards only.
Valididity of VIL`s spectrum. Most of them has starts expiring from 2030 onwards only.
It has very less spectrum expiring in next 10 years . So their 4G spectrum capex going to be very minimal in next 15 years compared to Jio and Airtel.
But if you look at Jio which is using RCOM`s spectrum in 800 MHz band and it`s own 800 MHz is expiring in 2021.
But if you look at Jio which is using RCOM`s spectrum in 800 MHz band and it`s own 800 MHz is expiring in 2021.
It is almost 81.5 MHz 800 MHz band it needs to buy again in the auction this year. This band is costlier one. Based on 2016 price they have to spend a total of Rs 27251 crore. #jio can spend around 40k crore minimum this year for its 4G spectrum only.
Airtel also need to buy out around 52 MHz of 1800 MHz band which is expiring in 2021 and #airtel may also end up spending around 20 to 30k crore minimum in this year auction. #VodafoneIdea will hardly spend anything in that auction due to its merger spectrum holdings.
If you compare the debt level of each of these companies, then you will come to know who has better balance sheet. With only 3 companies and growing data and subscribers this will have immense growth in the coming years.
Price war is almost over and it`s their turn to get back everything they gave it in the last few years for free. Soon a floor prize for tarring May also be set .
