Shares in India's top mobile operator rose as much as 6 percent on Thursday next the end of a frenzied auction for 3G mobile licences, but the cheer may be short-lived.
The auction yielded the Indian government $14.6 billion in revenues, nearly twice what it had expected. Top Indian carrier Bharti Airtel said its hopes of securing a countrywide 3G footprint were dashed by the luxurious request.