India planning fresh 2G spectrum auctions for November 12th

India's Department of Telecommunications has issued guidelines for the forthcoming 2G spectrum auction, penciled in for November 12th. While the subcontinent has already flogged off its 3G bands, it withdrew 122 licenses in the 1,800MHz and 800Mhz waves due to allegations of serious corruption. The country has set the starting price of $2.5 billion, a figure that the networks have balked at, saying that it'll cause tariffs to increase -- but is less than half of the $5.61 billion the country had originally sought to raise during the first, scandal-ridden auction.

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India planning fresh 2G spectrum auctions for November 12th