Another one bites the dust, investors cut off Augere’s Indian operations

Augere Wireless is expected to sell off its spectrum allocations and quit the Indian market, as investors have pulled the plug on the start-up operation over regulatory uncertainty, the Economic Times reports. Augere’s CEO Lars Henrik Stork said that the telco’s investors had decided to cease funding Indian operations as: ‘There is a lot of uncertainty hanging over the telecoms sector in India

See more here:
OVETEL Another one bites the dust, investors cut off Augere’s Indian operations