On: Telecom auctions have failed India

[hcknwscommenter]

>"The new system brought in twice as much in fees as the auction bids would have.”

If the new system brought in twice as much in fees, then by definition it was more burdensome on the telcos no?

[colinmhayes → hcknwscommenter]

The article claimed that the initial debt from the auction was more burdensome because telcos rely on a critical mass of infrastructure that they weren't able to create due to debt.