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Vodafone, Airtel win spectrum; Govt gets Rs 61,162 cr

Vodafone, Airtel win spectrum; Govt gets Rs 61,162 cr
Vodafone Group and Bharti Airtel won critical wireless telecom spectrum in metros like Delhi and Mumbai and several other cities in an intensely fought 10- day auction that gave the government over Rs 61,162 crore (Rs 611.62 billion), far exceeding its own target. Mukesh Ambani's Reliance Jio Infocomm, which surprised by entering the fray despite owing pan-India 4G spectrum, bid aggressively for both the bands of airwaves on offer – the premium 900 Mega-Hertz and not so efficient 1,800 ...
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