India to fetch $7.2Bn from 3G spectrum

www.WirelessFederation.com/news: The Indian government will reportedly make a collection of $7.2Bn from the auction of third-generation (3G) radio spectrum. According to the Budget 2009-10, a sum of Rs 35,000 crore ($7.2 billion) is expected revenue from auction of 3G spectrum, says Finance Minister Pranab Mukherjee.