Bharti Airtel slumps onTEC Report

Bharti Airtel Ltd has trading in red despite very good quarterly results announced yesterday. TEC, the technical arm of the Department of Telecommunications (DoT), is planning to recommend a steep increase in spectrum usage charges for GSM mobile service providers that seek additional spectrum beyond 6.2 MHz.

Bharti Airtel is seeking more bandwidth to offer better mobile-phone services.

TEC has also recommended increasing the minimum number of subscribers required for operators to qualify for additional spectrum.