The notice inviting applications (NIA) for upcoming spectrum auction had a few incremental positives for telcos including: 1) duration of right-to-use spectrum unchanged at 20 years (vs 30 years announced earlier) which restricts total spectrum payouts; 2) payment option eased with the introduction of 20 equal annual instalments; 3) SUC reduced to nil for the upcoming spectrum auction which indirectly reduces the cost of acquiring spectrum; 4) spectrum surrender norms issued without penalties