Telcos need to pay Rs 50K crore for renewing spectrum permits, but only Jio will renew: Analysts
By
Biju Kumar
Reliance Jio, Bharti Airtel NSE -0.49 % and Vodafone Idea would need to shell out nearly Rs 50,000 crore combined to renew their expiring spectrum permits in the upcoming spectrum auction beginning March 1, say analysts. However, Bharti Airtel and Vodafone Idea are unlikely to renew most of their airwaves, given their surplus holdings.