Idea, Bharti Lead Spectrum Bids as India Sale Raises $18 Billion
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Idea Cellular Ltd. and Bharti Airtel Ltd. led winning bids at an auction of mobile phone airwaves that pitted the carriers against Mukesh Ambani’s upstart operator and helped India raise a record 1.1 trillion rupees ($18 billion).
Idea, the carrier that had the most airwaves up for auction, bid 303.1 billion rupees, with Bharti agreeing to pay