India to Spend $6 Billion on Two Unprofitable Telecom Companies
Electricity and telephone wires run above a street near the Jama Masjid mosque in the Old Delhi. (Photographer: Brent Lewin/Bloomberg)

India to Spend $6 Billion on Two Unprofitable Telecom Companies

(Bloomberg) -- India will spend about 410 billion rupees ($6 billion) on two unprofitable state-run telecommunication companies in a bid to help the firms take on competition.
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