Govt. receives bids worth just Rs.9407 crore as 2G auction ends
The fresh 2G spectrum auction has fetched the government just Rs.9,407 Crore whereas the Government had expected to earn Rs.40,000 Crore from it. Interestingly this amount is a little less than the Rs.9,500 Crore that was fetched by the previous auction conducted by A.Raja.
The Govt. has put all the 22 telecom circles in the country on auction but the response was lukewarm. Crucial circles like Delhi and Mumbai did not get any bids as the operators felt that the base price for the spectrum in these circles were too high. Also circles like Karnataka and Rajasthan also did not see any bidders.