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Auction For Future Biz: Idea

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February 14: The incumbents like Bharti Airtel, Vodafone and Idea had to bid aggressively to defend their turf thanks to new entrant Reliance Jio. Bloomberg TV India speaks to Himanshu Kapania, MD, IDEA Cellular, to know more about its participation in the 2G auctions. Watch as Kapania, says, “The auction was carried out to strengthen spectrum availability. We will pay Rs.3,100 crore upfront out of the total Rs.10,400 crore.”