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Airtel

May 13, 2010 by Post Team 

AirtelAirtel:The telecommunications regulator plans to impose new rates of second generation mobile spectrum made shares drag on the carriers, including Bharti Airtel, which called the proposal “shocking, arbitrary and retrograde.

Market leader Bharti, which may have to pay an estimated $ 1.4 billion if the proposal is approved, saw its shares end 8.3 percent lower Wednesday, erasing two billion U.S. dollars in value and causing an unusually strong response from a major Indian firm.

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