MUMBAI, India — After a gap of five years, India put up a fourth-generation (4G) telecom spectrum worth 2,308.8 megahertz for auction with a price tag of INR 3.92 trillion ($54 billion). Though only about 855.6 megahertz was sold for INR 77,814 crore ($10.7 billion), the government said the amount was “much higher than what was anticipated”. “Our estimate was INR […]
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