Telco debts, M&A make immediate India auction unlikely

The Telecom Regulatory Authority of India (TRAI) this week opened a consultation into the conditions surrounding the next auction of mobile spectrum in the country. While it did not take a firm position in its consultation document, the Indian regulator's comments suggest a new frequency sale will not take place quickly, given the financial pressures on telcos and the ongoing wave of M&A.There is a raft of spectrum up for grabs in India across multiple bands, including spectrum left unsold