For the telecom sector, 2014 would be a year of intense activity. The year will start with the next round of spectrum auctions on January 23. While the regulatory mist may evaporate, the sector would miss the one-billion subscriber mark.
“If the spectrum auction happens next month, we expect it would lead to consolidation in the telecom industry. The sector is in a bullish sphere, especially for Bharti Airtel with the expected sale of its Sri Lankan operations and turnaround of South African business,” said Kishor P. Ostwal, chairman and managing director at brokerage firm CNI Research.
Earlier this month, the Department of Telecommunications (DoT), the telecom licensor, has invited applications for the proposed spectrum auctions. With many licences coming for renewal, the industry expects to witness a number of acquisitions during the year.