India Spectrum Auction Raises Record $1.76b

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After 19 days of furious bidding, India’s latest spectrum auction has closed raising a record 1.1 trillion rupees ($1.76 billion).

The auction raised a third more than the government had expected, Reutersreported, citing telecom minister Ravi Shankar Prasad.

Winning bidders will need to pay a quarter to a third of the total price immediately and the remainder by 2027. Click here to read more

Wahengbam Rorrkychand

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