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India has postponed to Jan. 30, 2009, the auction of 3G spectrum to give potential bidders more time to study bid documents and rules for the auction, a government agency said Tuesday.
An auction of spectrum for broadband wireless is scheduled to be held two days after the close of the 3G spectrum auction. The auction for 3G spectrum is likely to be hotly contested by both Indian and foreign companies.
India’s mobile market is booming, adding over 10 million new users a month, even as the global economic downturn affects demand in the country for other products and IT services, including PCs.
