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Telecom stocks are expected to trade with a positive bias next week as investors see clarity slowly emerging in the sector after the conclusion of the spectrum auction in the 1,800 MHz bandwidth. Also, the ministerial panel on spectrum yesterday decided to reduce the base Price for the Delhi, Mumbai, Karnataka, and Rajasthan circles in the 1,800 MHz band by 30%. These circles went without any bids in the spectrum auction held. The decision is likely to reinvigorate interest by telecom companies such as Bharti Airtel Ltd and Idea Cellular Ltd that had refrained from bidding for lucrative Delhi and Mumbai circle on account of high base price. Telecom stocks are expected to see some short-term corrections after having risen post the spectrum auction conclusion. However, the medium-term bias for the stocks remains bullish.
