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Optical/IP

India Auction Countdown

11:20 AM -- India's government will set the reserve price and terms for the much delayed 3G auction this week, according to this Reuters report.

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

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