Did you know that the telecommunications industry could, single-handedly, save countries from potential bankruptcy? Here’s how it’s done. Firstly, you limit the availability of something in great demand, usually by legislation and heavy regulation (sometimes by mistake), then you hold an open auction for it that runs for weeks on end until all bidders are spent. I am talking about radio spectrum and it is tantamount to turning air into gold. Spectrum starved Indian mobile operators recently forked...