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Vodafone, Bharti spend big to win airwaves in Rs 61,000 crore auction

Vodafone, Bharti spend big to win airwaves in Rs 61,000 crore auction
Mobile market leaders Bharti Airtel and Vodafone bought telecommunications airwaves worth about $3 billion ( or nearly Rs 18,600 crore) each in an auction that raised nearly $10 billion in total (nearly Rs 61,000 crore), far exceeding the government's revenue target. Bharti and Vodafone won airwaves in the premium 900 megahertz band that was available only in three key cities - Delhi, Mumbai and Kolkata. The telecoms unit of con...
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