NEW DELHI (Oct 7): India said on Friday it will consider re-auctioning mobile phone spectrum that remained unsold in a sale this week when the financial situation of its telecoms companies improves. Deepak said the government will decide later on whether to consider cutting the price of the 700 band airwaves. The telecoms ministry will get a minimum of 320 billion rupees upfront as carriers are allowed to pay in instalments. Vodafone Group Plc was the top spender in the auction with 202.8 billion rupees worth of bids, followed by Bharti Airtel's 142.44 billion rupees, according to government data released on Friday. Reliance Jio Infocomm bought airwaves worth 136.72 billion rupees, Idea Cellular spent 127.98 billion rupees, and Tata Teleservices bid for 46.19 billion rupees.

Source: The Edge Markets October 07, 2016 13:52 UTC