Airtel, Vodafone bid for spectrum; RCOM, Sistema, RIL stay away

Top telecom players — Airtel, Vodafone, Videocon and Tata Teleservices are among the telecom biggies who applied on Friday to bid in the upcoming spectrum auction, but Reliance Industries, Reliance Communications, Aircel and Russia's Sistema stayed away. Telecom industry bodies said operators see no "business case" in buying airwaves at such a high price.

Read Full Story>>