Saturday, November 17, 2012

Winning Bidders in India's 1800 MHz Spectrum Auction

India's Department of Telecommunications confirmed the following winning bidders in last week's 1800 MHz Spectrum Auction for 2G services.  The auction was ordered by the country's Supreme Court, following the high profile scandal involving the previous license awards.  

This auction generated approximately INR 94 billion (US$1.71 billion), falling significantly short of market predictions in the INR 400 billion range.