India sells airwaves worth $1.36 bln in telecom spectrum auction, government source says

Bharti Hexacom

26/06/2024 14:00

NEW DELHI, June 26 (Reuters) - India has sold airwaves
worth 113.4 billion rupees ($1.36 billion) in a telecom spectrum
auction that ended on Wednesday, a government source told
reporters.
    Bharti Airtel  BRTI.NS , India's no.2 telecom operator by
subscribers, has spent 68.57 billion rupees to acquire spectrum
at the auction in the world's second-largest smartphone market,
the company said earlier in the day.

($1 = 83.5635 Indian rupees)

 (Reporting by Nikunj Ohri in New Delhi; Editing by Sohini
Goswami)
 ((chris.thomas@thomsonreuters.com;))