India raises INR 1.1 trillion in 19-day spectrum auction

Thursday 26 March 2015 | 08:10 CET | News
The Indian government received provisional bids worth almost INR 1.10 trillion (approximately USD 17.6 billion) at the end of 110 rounds of bidding in the latest spectrum auction, the telecom minister Ravi Shankar Prasad said. The government initially expected to raise around INR 820 billion in this spectrum auction. The government did not disclose winning bidders and the regions in which they had won spectrum, but the country's top operators -- Bharti Airtel, Vodafone India and Idea Cellular -- are expected to have bought the major chunk of the 20-year licences on offer, Reuters reports.

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Categories: Mobile & Wireless
Companies: Aircel / Bharti Airtel / Idea Cellular / Reliance Communications / Reliance Jio / Uninor / Vodafone India
Countries: India
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