India Auction Countdown
A report from CNBC partner, TV18, on Friday had stated that the figure had been doubled to RS40.4 billion (US$838 million), but that has not been confirmed. Communications and IT Minister A. Raja has said only that the details would be set within a week.
Pressure has been rising on the Indian government to bring the spat between the Telecom and Finance Ministries to an end and agree on a price. (see IndiaWatch: Rising Stakes.)
— Catherine Haslam, Asia Editor, Light Reading