High stakes for India's $84 billion airwave auction after Vodafone play
Vodafone's $7.2 billion cash injection into its Indian business has turned up the heat just days ahead of an $84 billion airwave auction which could decide who wins and loses in one of the world's fastest-growing telecoms markets.
Spending may fall well short of that huge target.
But, industry insiders and advisers say, the race for premium spectrum will carve up 4G airwaves, and the spending splurge could even decide the size and timing of one of India's largest listings: Vodafone's own Indian IPO.
India's telecoms sector is crowded, cut-throat and often money-losing. Many carriers... read more