THE MUCH awaited 4G telecom spectrum auction concluded last week with some surprises, a bit of consolidation, and status quo in some areas. Sunil Mittal-led Bharti Airtel caught attention by buying more than expected, and along with Reliance Jio, the bidding strengthened the message of consolidation in the Indian telecom sector. In a market of 1.3 billion with only about a half having access to mobile broadband, the untapped user base still holds much promise.

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