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India’s mobile carriers head into $14 billion fight for survival

March 3, 2015Daily NewsBy wp-admin

What happens when a wireless operator with millions of customers loses the airwaves it needs to provide service? We may soon find out thanks to an unusual government auction taking place in India.

The government will open the bidding on Wednesday for airwaves already in use by the biggest carriers, including Bharti Airtel Ltd and Vodafone Group Plc. They’ll have to compete to keep their licenses in the auction against Mukesh Ambani, who has signaled his determination by making the largest deposit of the competition.
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wp-admin

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