MUMBAI (NewsRise) -- Bharti Airtel may skip the Indian government's upcoming spectrum auction for next-generation cellular technologies because of the high price of airwaves, as the mobile phone carrier reels under staggering debt and government levies.
India is set to sell spectrum worth about $74 billion -- mostly 5G airwaves -- in an auction scheduled in the first quarter of the next fiscal year that begins in April. The high-speed 5G networks are crucial for new internet technologies such as artificial intelligence and cloud computing. The government is hoping for a windfall from the auction to bridge its widening fiscal deficit amid shrinking tax collections.
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