Bharti to gain from court ruling: Goldman Sachs

HONG KONG (MarketWatch) -- Bharti Airtel Ltd. , India's largest mobile-services provider, is in a good position to benefit from a redrawing of the subcontinent's telecom landscape triggered by Thursday's Supreme Court decision to cancel a batch of operator's license issued at cheap prices in 2008, Goldman Sachs said Friday. Bharti Airtel, whose licenses are not at not risk from the court ruling, may get a boost from the consolidation, Goldman said in a note. Operators who've had their licenses cancelled could be fatally weakened by the ruling, even if they secure new licenses through an new auction. "Even if the new entrants rebid again to acquire spectrum, their financial position would be weaker, thus giving bargaining power to Bharti to raise tariffs," the analysts said.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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