3G and wireless broadband coming to India soon

Finally, the auction of spectrum required to launch 3G services in India is being held.  The Governments decision to delay the auction by over a year and half seems to be yielding results. In the seventh day of bidding, the minimum revenue from the spectrum sale has already crossed over $5 billion. This does not include the value the govt. will earn from the auction of spectrum for broadband wireless services. The online auction could last one more week, eventually, the govt. could end up richer by $7 to 8 billion from the sale. Most telecom operators in the fray for 3G spectrum have already upgraded their equipment to meet 3G standards. After paying the hugh license fee, each operator would like to start generating revenues as quickly as possible.  They could...