A man speaks on a mobile phone in front of the Bharti Airtel office on the outskirts of New Delhi May 11, 2010. India's wireless broadband spectrum auction ended on Friday after 16 days of bidding, two sources with direct knowledge said.
Bharti Airtel, India's top telecoms firm, which won wireless broadband spectrum in only four of India's 22 zones, said scarcity of slots and the auction format had resulted in extremely high price levels.
The company said in a statement it had secured spectrum in select circles to experiment with new technologies. Bharti will pay a total of 33.14 billion rupees ($707 million) for the spectrum, it said.
Source http://economictimes.indiatimes.com/news/news-by-industry/telecom/India-broadband-spectrum-bid-extremely-high-Bharti/articleshow/6036856.cms
The company said in a statement it had secured spectrum in select circles to experiment with new technologies. Bharti will pay a total of 33.14 billion rupees ($707 million) for the spectrum, it said.
Source http://economictimes.indiatimes.com/news/news-by-industry/telecom/India-broadband-spectrum-bid-extremely-high-Bharti/articleshow/6036856.cms
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