Penny-a-Minute Calls Jeopardized as India Carriers Face Bill
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Callers used to paying less than one cent a minute in India may get a jolt from their monthly bills after the nation’s mobile-phone companies agreed to spend $18 billion buying airwaves from the government.
Seven of the country’s wireless carriers need to find ways to foot the bill for spectrum bought during a 19-day auction that concluded last week. As much as a third of their bids must be paid by next week, with the rest being due in installments starting in two years.