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Unitech Spectrum + Inflation at 12.40

August 29, 2008

The subsidiary company of Unitech has received this allocation of 4.4 Mhz startup spectrum for GSM Operations in the Madhya Pradesh service area.With this, the Company have been allotted initial spectrum in six service areas out of total 22 service areas.

The government has revised the inflation figure for June 21, 2008 as 11.91% against 11.63%. The wholesale price index (WPI) based inflation rate on a week-on week basis calmed down slightly to 12.40% for week ended August 16, 2008, as compared to 12.63% in the previous week.

The inflation numbers declined significantly and went even lower than August 2, 2008 mark of 12.44%, but is still above the Reserve Bank of India’s (RBI) comfort level of 5% for the 27th consecutive week.

The government has revised the inflation figure for June 21, 2008 as 11.91% against 11.63%.

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