BY R. JAI KRISHNA AND MUKESH JAGOTA
NEW DELHI—India set the base price to commence an auction of telecommunications bandwidth at many times more than what companies paid four years ago in a sale that the top court later canceled, saying the process was flawed and led to corruption.
The federal cabinet Friday decided to set the starting price at 140 billion rupees ($2.51 billion) for a 5.0-megahertz slot to provide services across the country using global system for mobile communications, or GSM, technology.
The base price for bandwidth to offer services using the competing code division multiple access technology has been set at 1.3 times that …
Article source: http://online.wsj.com/article/SB10000872396390443687504577567172278828982.html
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