With the probability of Norwegian firm Telenor and Russian conglomerate Sistema-controlled SSTL bidding in the second round of spectrum auction in India, chances of consolidation in the country’s telecom sector in the near term seem weak, says Malaysian banking firm CIMB. “The Government of India announced spectrum auction guidelines which are expected to begin in March 2013. There is high probability that Telenor (in Mumbai) and MTS will bid to retain their existing operations. Source

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