Spectrum auction: If you thought telcos were restrained, think again
Results of the recenty-conclude spectrum auction show that telecom firms like Vodafone, Idea, Airtel, and now Reliance Jio, continue to spend vast resources in buying spectrum
India’s wireless services industry has acquired quite a reputation for unrestrained bidding in spectrum auctions. Even though spectrum in the 700 (megahertz) MHz band was ridiculously priced, there were fears that someone might take the government’s bait. And when Vodafone Group Plc flexed its financial muscle with a record fund infusion into its Indian subsidiary just ahead of the auction, these fears gained some more substance.