India recommends big cut in mobile phone spectrum price

By Devidutta Tripathy and Matthias Williams NEW DELHI (Reuters) - India on Monday proposed a cut of up to 60 percent in minimum auction prices for mobile phone spectrum in a response to lukewarm interest from telecom companies in two previous sales. The proposed price cuts by the country's telecoms regulator could get a positive response from carriers such as Bharti Airtel Ltd and Vodafone Group Plc's local business in India. The companies did not immediately comment. ...

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