Labourers speak on mobile phones opposite a public call office (PCO) in a market area in Kolkata, India, March 9, 2016. According to the labourers, the lifestyle in Kolkata is very simple, cheap food is available and the poor and rich live together in harmony. REUTERS/Rupak De Chowdhuri
NEW DELHI: The government of Indian Prime Minister Narendra Modi approved a mega auction of mobile phone radiowaves, hoping to scoop about US$85bil (RM341.27bil) from the sale of licenses in the world’s second-largest market.
The new mobile radiowave spectrums on auction are seen as crucial for companies competing in the lucrative but cut-throat Indian market of a billion mobile subscribers.
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