700 Mhz band has lost its importance for the moment, says IIFL

IIFL Institutional Equities feels that 700 Mhz band has lost its importance for the moment because all operators already have some spectrum or the other, said GV Giri of the firm.

Operators like Jio have 850 Mhz band which serves the same purpose and Bharti, Vodafone and Idea have 900 Mhz, which is similar, Giri said.

"I do not see operators scrambling to buy 700 Mhz," said Giri.