NEW DELHI, Nov 14 (Reuters) - India received bids worth
about 94 billion rupees ($1.7 billion) in an auction of 2G
(second generation) mobile phone airwaves, the
telecommunications minister, Kapil Sibal, said, managing to
raise less than one quarter of i ts sale target.
India's first sale of 2G mobile phone airwaves by auction
came after the Supreme Court ordered the cancellation of permits
that had been granted to eight carriers in a scandal-tainted
process in 2008.
Five operators - Bharti Airtel, Vodafone Group
Plc's local unit, Norway's Telenor ASA,
Videocon Telecommunications, part of India's Videocon Industries
, and Idea Cellular - had applied to
participate in the auction.
($1 = 54.9700 Indian rupees)
(Reporting by Arup Roychoudhury; Editing by Sumeet Chatterjee)