India: 3G auction postponed
The 3G spectrum auction has been postponed until 4 March by the Department of Telecommunications in order to give time to the cabinet to agree on the reserve price. The deadline for applications has been modified to February 16.
India: Tata to buy back NTT DOCOMO shares
Tata Group received the green light from the Indian’s central bank to buy back a 26.5% stake in NTT DOCOMO at the price of INR58 per share, more than double PwC’s valuation of INR23.34.
