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Bharti Airtel Falls Over 2% on Spectrum Price Concerns

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Bharti Airtel Falls Over 2% on Spectrum Price Concerns
Shares in Bharti Airtel fell as much as 2.4 per cent on Tuesday due to concerns about the cost of acquiring mobile phone airwaves at an auction planned by the government.

India said on Monday it expects to raise Rs 64,840 crore from the sale of 900 Mhz and 1,800 MHz band airwaves.

Bharti shares were down 1.2 per cent at 9:30 am, compared with a 1.3 per cent fall in the broader NSE index.

Copyright: Thomson Reuters 2015

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