India is auctioning spectrum for mobile wireless services for the third time starting Monday, after reducing the minimum price for access to the airwaves.
Bharti Airtel and the Indian venture of Vodafone Group were charged Friday by India's top investigation agency for the alleged irregular allocation of mobile spectrum in 2002.
The auction of 2G spectrum in India that ended Wednesday will earn the government about one-quarter of what it had planned, reflecting industry concerns about the high cost of the spectrum and the saturation of the country's mobile market.
India's top investigation agency has registered a case against two major Indian mobile operators and former government officials in connection with alleged irregularities in the allocation of additional 2G spectrum in January 2002, widening the scope...
Bharti Airtel's third-quarter profit was hit by high interest and amortization costs related to the mobile network operator's 3G rollout in India and its acquisition in Africa.
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