| | NEWS FLASH
| The auction of second-generation (2G) GSM spectrum ended today, fetching the government just Rs 9,407 crore, compared to the Rs 40,000 crore expected initially.
There was muted response from telecom firms, with two key circles—Delhi and Mumbai—getting no bids. Karnataka and Rajasthan didn't see bids either.
To add perspective, the 2G licence allocation during former telecom minister A. Raja's time fetched the government Rs 9,500 crore, while the 3G auction that took place in 2010 got the government Rs 66,000 crore. | |
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