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Should Indian Telecom Vendors Target Overseas Markets: First Day 2G Auction Had Lackluster Response

As expected, first day of 2G spectrum bidding in India got lackluster response from telecom vendors. Telecom operators complaint that the starting price set for the 2G spectrum by Indian telecom regulators was quite expensive compare to 2G auction in 2008.  On Monday, the government received bids worth about INR 17.33 billion ($317.4 million) for spectrum in the 1,800 MHz...

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