The two people said the board's view that the offer is too low is backed by a fairness opinion provided by investment banks on behalf of the Duesseldorf-based company. One person noted that the offer doesn't reflect the real value of the company and added that Demag Cranes could revise its full-year outlook as business has picked up in recent weeks. It remains uncertain, however, if Terex would consider raising the EUR41.75 a share offer after Chief Executive Ronald DeFeo was quoted in a recent media interview as saying that he would "rather not have Demag (if it means) having to pay too much." Demag's mand model Adrianne Curry have decided to end their marriage after five years, according to HollyScoop.com. Phil Viardo, the couple's manager, released a statement to the website on Curry and Knight calling it quits. "After starting a relationship with what seemed to be irreconcilable differences, the couple has reached a period where those differences are no longer appreciated. The decision was mutually reached after it became clear to both that some perspective was needed in order to assess their unique union. Not unlike all marriages, work must be put in." The statement came on the couple's five-year anniversary. "Both Knight and Curry decided to release this joint announcemreported similar drops. Carriers have pulled back on capital investment, which dropped 42% from 2008 to 2010 to $7.2 billion, according to Prashant Singhal, head of the India telecom practice at consulting firm Ernst and Young. That has raised fears that operators aren't nurturing their networks for the next phase of telecom development, the rollout of wireless Internet services. While India is in the early stages of introducing such third-generation services, the U.S. and many other developed markets are upgrading to 4G. The government's new rules will go a long way toward determining whether India's telecom revolution sparks anew or fizzles over the next few years. Mr. Sibal, a Harvard-trained lawyer who was appointed telecom minister in November when his predecessor resigned amid a corruption scandal, is trying to strike a balance in the telecom rules. Current call rates are unsustainable, he said, but the new policies must not put telecom services out of reach of India's poor. "Ultimately, technology is meant to serve a public purpose, so that objective cannot be lost," Mr. Sibal said. "At the same time, the operator must get a return on his investment that is attractive, and the industry must prosper." Telecom firms complain that strict merger rules, such as a stipulation that a carrier can't have more than 40% of the revenue or subscribers in any market, have headed off deals between midsize and large carriers and left the industry with far too many players, fueling price wars. Operators also say they are desperate for the government to make more airwaves available. A sluggish bureaucracy and the reluctance of government ministries to give up airwaves have meant that Indian carriers have a small fraction of the spectrum that their counterparts have in the U.S. and Europe. "There is an artificial scarcity of spectrum in India, which is holding back Indians from getting world class telecom service," said Nick Read, chief executive for Africa, the Mideast and Asia Pacific for Vodafone Group PLC, a major player in India. Kunal Bajaj, a telecom consultant with Analysys Mason in New Delhi, estimated that under current levels of spectrum, carriers will be able to provide reliable broadband service to only 117 million users in 2015, even though there will be demand for a further 65 million connections.The amount of lost potential revenue to the industry would be equivalent to 0.7% of gross domestic product, he said. Mr. Sibal said the government will move swiftly to sell more spectrum through a "market-based" mechanism that will ensure that prices are fair to carriers. He said the sale wouldn't necessarily be through an auction but wasn't more specific. Prices skyrocketed in last year's 3G auction, forcing companies to shell out several billion dollars apiece to cover just a portion of the country. "The big companies who have deep pockets only want an auction because they can snuff out everybody else," Mr. Sibal said. In a shift, operators that aren't using all of their spectrum also will be allowed to rent portions to other companies, who could then offer wireless service. A common practice in many