We've covered Airtel's Q3-FY13 financial results here. Below are notes from the conference call: 1309hrs: Details of the Infratel IPO, which was oversubscribed. The spectrum auction received a lukewarm response, and we looked at it from a commercial basis, and we only picked up one spot in the north east. The government is looking to auction in March, and we will follow a similar process, based on viability. The issue of one time license fee: operators have gone to court, and we have a stay. It is following its own process. We're very clear that this is for spectrum that we already have. One other thing which is important from an Indian context, is the cost of input drivers. Spectrum auction, regulation and intervention costs. More recently, diesel cost increasing are impacting us, with higher input costs. The Industry cannot be inflation proof, and this will translate into the increase in pricing to customers. You have seen a little bit of rationality. Subscriber acquisition costs and efficiencies are improving. Where there is an opportunity to reduce freebies, discounting without any impact on prevailing prices. 1313hrs: On a positive note, we have invested $3-4 billion in data, and if you look at the data traffic, you will see that even on a clip basis, India is growing at 25% per quarter on an MB basis. This quarter, we've crossed 5 million 3G customers. 1327hrs: The competition post the cancellation hasn't been subdued. The deadline has been extended to 11th of March. There's…
