Elon Musk, Indian tycoons slug it out over satellite spectrum

The world’s richest person Elon Musk has taken on Indian billionaires Mukesh Ambani and Sunil Bharti Mittal over the allocation of spectrum used in wireless communication using satellites, calling their demand for the auction of such airwaves “unprecedented”.

While Ambani’s Reliance Jio has been vocal about the need to allocate such spectrum through an auction to give a level playing field to legacy operators who buy airwaves and set up infrastructure like telecom towers, Mittal on Tuesday articulated the need to use bidding for such allocation.