In Spectrum Auction, Idea Cellular Paid the Most: $4.8 Billion or Rs 30,300 Crore

Idea Cellular Ltd, India's third-biggest mobile operator by market share, spent Rs 30,300 crore or $4.84 billion to buy mobile airwaves in the country's spectrum auctions, Telecom Minister Ravi Shankar Prasad said today. That was the single biggest amount spent. Together with market leaders Bharti Airtel and Vodafone Group Plc's India unit, the top three players paid Rs 85,575 crore, or about 78 per cent of the total airwaves so...