In many countries, operators are demanding that more spectrum is made available quickly, but in India, debt-laden MNOs want to press the pause button on auctions. The established MNOs, such as Bharti Airtel, Vodafone and Reliance Communications (RCOM) are under intense pressure. They have been forced to engage in a price war with disruptive new entrant Reliance Jio (RJio), which has hit recent profits, and they are also involved in a wave of consolidation with RJio’s presence is likely to accelerate (Vodafone is acquiring Idea Cellular while RCOM is engaged in a three-way merger with SSTL and Aircel). With all this turmoil, and their high levels of debt, the last thing they need is another spectrum auction to deplete their…