A mix of excitement and concern surrounds India's latest auction of spectrum licenses for third-generation (3G) services, and a soon-to-follow broadband wireless spectrum auction. The winning bids for 3G spectrum totaled Rs. 67,710 crore (US$15 billion, at Rs. 45 to a dollar), against the government's original expectation of Rs. 35,000 crore (US$7.78 billion).
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