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Telecom companies were trading higher on Thursday.
The telecom regulator on Wednesday put the 3G spectrum base rate at an 18 per cent discount to 2010 auction prices. The regulator has put the pan-India reserve price at Rs 2,720 crore ($429.7 million) per Mhz. Overall recommendations are positive for sector, according to HSBC. Telecoms will need to choose between the 2100 MHz and 900 MHz bands, particularly those looking to add data spectrum for capacity, it added.
At 12.30 pm, the Idea Cellular scrip was trading up 1.43 per cent or Rs 2.20 at Rs 156 on the BSE.
Bharti Airtel was up Rs 4.65 per cent or 1.32 per cent at Rs 357.50 while Reliance Communications surged 4.12 per cent or Rs 3.30 to Rs 83.40.
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