Details of license winners in India’s $17.5 billion spectrum sale were released yesterday, showing that India’s three biggest mobile operators had managed to cling on to their 900MHz holdings and pick up new airwaves for the rollout of 3G services. (See India’s Mega Spectrum Sale Garners $17.5B and India’s Spectrum Sale Shatters Records .)
Bharti Airtel Ltd. (Mumbai: BHARTIARTL), Vodafone India and Idea Cellular Ltd. — which had all been fighting to defend existing 2G operations — stumped up as much as 78% of the total auction proceeds, while Reliance Communications Ltd. (the country’s number-four player) appeared to lose some of its 900MHz concessions and Uninor walked away from process empty-handed.
Although India’s Department of Telecom (DoT) has released provisional results, they remain subject to government approval as well as a Supreme Court ruling on complaints about the auction procedures. In the meantime, Light Reading has prepared a breakdown of how each player performed on this provisional basis.
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