India to kick off $11.5 billion telecom auction

BENGALURU (Reuters) – India will auction telecom spectrum worth up to 962.38 billion rupees ($11.53 billion) on Tuesday, it said in a release.

Bharti Airtel, Vodafone Idea and Reliance Industries’ Jio Infocomm will bid in the auctions, the notice added.

($1 = 83.4550 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Janane Venkatraman)