Bharti Airtel, Vodafone challenge airwave auction.
NEW DELHI: India's two biggest mobile phone operators, Bharti Airtel Ltd and Vodafone India, challenged in court a government move to auction airwaves in a band they already use.
It was not immediately known when the high court of Delhi will hear the pleas, but Vodafone Group Plc's Indian unit said it expected a hearing soon. Any order in favour of the companies could derail part of the auction due in March.
India is selling airwaves, along with stakes in state-run companies, to cut its fiscal deficit. It raised less than a quarter of a targeted $7.4 billion from an auction in November.
name- wahab khan
class- PGDM 1st
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