India raises record 11.8 billion pounds from telecom airwaves auction

By Aman Shah MUMBAI (Reuters) - India raised a record $17.6 billion from the sale of mobile phone airwaves in its latest telecom spectrum auction after 19 days of fierce bidding, the country's telecoms minister said on Wednesday. Ravi Shankar Prasad said the government received bids worth almost 1.10 trillion rupees (11.8 billion pounds), topping the 1.06 trillion rupees it raised in 2010. The government did not disclose winning bidders and the regions in which they had won spectrum, but th