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End of Tata’s WiMax Broadband Dream Run

In a Conference call with Analysts [I couldn’t make it but here are the excerpts] Tata Communications Ltd, erstwhile VSNL acknowledged the end of its WiMax Dream Run.

Credit Suisse Analysts wrote,

Management expressed disappointment over not having won any spectrum in the recently concluded BWA auctions in India. Management indicated that prices crossed their internal realistic valuations quite early in the auction process, and thus it opted out of the bidding.

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