Four years after the launch of 3G services, there are just about 120 million 3G subscribers, barely 10 per cent of the total mobile user-base.
Even here, the quality of access leaves much to be desired with the average connection speed the lowest in the Asia-Pacific region.
Therefore, I feel in future the Centre and TRAI will keep this reality in mind while fixing the reserve price for upcoming auctions. So, in the coming days, the spectrum price in 700 MHz can come down substantially.
Also, contrary to expectations, the telecos like RCom -- RJio did not Invest too much in the spectrum buying. This give them ample room to spend on their infrastructure development.
4. Continue accumulating Adani Enterprises Ltd (Rs.68.25). The coal prices have started to Soar -- positive for the company.
5. Buy Jai Corp Ltd at Rs.73, T: Rs.75, SL: Rs.71.60.There were earlier media reports that environment and forest ministry has cleared the Navi Mumbai Airport.