NEW DELHI (Reuters) - The telecoms unit of energy major Reliance Industries
The move by Reliance Jio Infocomm Ltd comes as a surprise as the company is working to launch 4G wireless broadband services soon.
Idea Cellular
India will auction spectrum in two separate frequency bands starting February 3. The government hopes to raise at least $1.8 billion from the sale, crucial to its efforts to rein in the country's budget deficit.
Cellular carriers have to submit initial interest for participating in the auction by Wednesday.
(Reporting by Devidutta Tripathy; Editing by Prateek Chatterjee)