story originally appeared aug balance sheet health idea cellular affected much near term post spectrum auction even bidding gets aggressive awaited telecom rector supply upfront payment total spectrum command value rest phased manner years keep financials telcom player largely unscathed operating level bring home the bacon maintains current ontogenesis operating turn a profit derogation shows et intelligence group depth psychology idea cellular needs bid spectrum mhz mhz band least seven circles watch over cancellation licences circles supreme court early february department telecommunications constellate issued memoranda monday detailing base price auction telecom circuit country funding problem telcos idea cash generating business model look idea obtain issues bid auction reserve price said telecom analyst local brokerage stipulation anonymity idea bid least mhz spectrum seven circles needs retain presence include tamil nadu auction reserve price rs crore mhz spectrum kolkata rs crore west bengal rs crore orissa roentgen crore assam rs crore north east rs crore jammu kashmir rs crore account nearly idea totality subscriber base rs crore calculations appearance base level idea spend universal gas constant crore regain licences pay up rs crore upfront enjoy moratorium two years wherein need pay interest principal amount debt company reported cash balance rs crore end june way mostly depend upon borrowings fund auction outgo assuming funds whole payment debt lend funds book increase rs crore rs crore june ratio edge modest basis percentage point net income debt debt less cash reserve relative earnings depreciation interest taxes ebitda also increase shade groundwork points times impact remain muted even case aggressive bidding telecom minister kapil sibal told et friday expects license bid run low high rs crore stockpile price rs crore assuming proportionate increase bidding seven circles idea bid company debt increase rs crore ratio increase current net debt percentage ebitda inch industry trackers yet expect muted response auction kick in existing debt burden telecommunication sector bidding english hawthorn aggressive auction 2 years ago since teclos borrow funds says romal shetty telecom do head kpmg expects selective bidding palyers bidding limited number circles norway telenor lost nine licences beat out rs crore reserve price established players bharti airtel vodafone less likely enter auction accept spectrum price decided bidding cognitive operation time renewing licences bharti instance renew licenses delhi kolkata cost rs crore reserve price telecom players expected realize traction data get services advent new engineering tend merge personal computation mobility cushion spectrum outgo long run