Reliance Communication

Idea Cellular biggest bidder in India spectrum auction

Following the Indian Supreme Court lifting its initial embargo on publishing results, Idea Cellular has emerged as the biggest bidder in the country’s latest 2G and 3G spectrum auction. After 19 days and 115 rounds of bidding, the Indian government managed to haul in a nice lot of cash at a record total of INR1.1 trillion ($17.5 billion).

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