Airtel may not bid for 700MHz spectrum: Report

Airtel may not bid due to its high price and limited availability of devices.
Rating agency Fitch today said that telecom giant Airtel to may not bid for premium 700 Mhz band spectrum in the upcoming auction due to its high price and limited availability of devices.
“We do not expect Bharti to bid in the upcoming auction of 700 MHz in India, given the high indicative price for this spectrum, limited device availability and the company’s ownership of alternative spectrum (1800MHz/230