India’s largest mobile operator, Bharti Airtel, is among the leading names to have criticised India’s 3G auctions, which finished yesterday without any operators securing nationwide spectrum. No operator was prepared to meet the cost of acquiring a nationwide 3G footprint, which would have cost around US$3.6 billion.
Bidding for nationwide 3G spectrum in India approached the INR13,000 (US$2.9 billion) mark over the weekend, prompting fears that even the largest Indian telcos could drop out of the process.
Indian mobile operator Reliance Communications (RCom) claims to have attracted a record number of new customers in the first quarter of the year following the launch of its new GSM network, and is aiming to become one of the world’s five largest mobile operators by subscribers.
Indian operator Reliance Communications (R-Com) is to partly sell-off its tower business in an IPO that could fetch the company US$1 billion. R-Com’s owner – billionaire businessman Anil Ambani – told an annual general meeting of shareholders yesterday that the operator would offer 10 percent of its tower business, Reliance Infratel, to investors, reports Financial Times.