27.03.2015 11:02:00
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Bharti Airtel Ltd. -- Moody's: High Spectrum Auction Prices Are Credit Negative for India's Telecommunications Operators
Hong Kong, March 27, 2015 -- On Thursday, India'sDepartment of Telecommunications (DoT) concluded spectrum auctions across four bands of airwaves at a record-high price of INR1.1 trillion ($17.5 billion). This high cost is credit negative for the country's telecom operators because it will increase their debt and costs and reduce their ability to fund future expansion.