After a long wait of 34 days and 184 rounds of bidding, the much hyped 3G auction in India is finally over! One of the fastest growing economies in the world is finally all set to receive an upgrade to connectivity technology. The Indian government has gained a whopping Rs. 67,718.95 crores (USD 14 billion approx) from the auction, which is almost double what was initially anticipated. It’s not clear yet whether the ongoing tariff war will mutate into the 3G space or whether Indians should expect expensive 3G plans ahead to pay for the cost of the 3G auction. Read more.
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