High stakes for India's US$84bil airwave auction after Vodafone play


  • TECH
  • Tuesday, 27 Sep 2016

Tough market: India's telecoms sector is crowded, cut-throat and often money-losing.

MUMBAI: Vodafone's US$7.2bil (RM29.6bil) cash injection into its Indian business has turned up the heat just days ahead of an US$84bil (RM345.6bil) 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.

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