jio airtel buy pan india 5g spectrum uncertainty vodafone idea bid bofa securities report reliance jio

Reliance Jio and Bharti Airtel are in a position to buy pan-India 5G spectrum but uncertainty remains around Vodafone Idea's bids for the radiowaves, according to a BofA Securities report released on Monday.The report noted that it would be difficult for any telecom company which has not bid for 5G spectrum in a particular circle to roll out 5G on the existing 4G bands because the existing networks are running at a capacity, and hence there is limited free spectrum which could be carved out."Higher reserve price is likely…