Sinha, Pankaj; Mudgal, Hemant - Volkswirtschaftliche Fakultät, … - 2011
calculated using both traditional discounted cash flow approach and real options approach. We find that the rollout of 3G … real options methodology is INR 798 Billion which is 17.8% higher than the aggregate value paid by the operators. Hence we … see that DCF valuation suggests that the licenses were overvalued while Real Options methodology suggests that the …