2G auction: Govt gets Rs 9,200 cr bids
of Bharti Airtel, the nation's largest telecom company, Sunil Bharti Mittal had last week predicted that the auction would be over on first day itself because of the high base price.
Bharti Airtel, Vodafone, Idea Cellular, Norway's Telenor and Videocon are bidding for GSM, but there are no bidders for the CDMA spectrum after Tata Teleservcies and Videocon pulled out of the race.
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Muted response to spectrum auction due to high price: COAI
Holding high reserve price responsible for the muted response to the 2G telecom spectrum auction, Cellular Operators Association of India (COAI) today said it would be surprising if the process went on for more than a day or two.
"The limited amount of spectrum, contrary in our opinion to the Supreme Court ruling, was guaranteed to have a very detrimental impact on the auction.
"We said the high reserve price would ensure that limited players come into the bid, indicated extremely muted bidding and that there would be several circles that would have no bidders," COAI General Secretary RS Mathews said.
That is exactly what we are seeing now, he said, adding that "he would be surprised if it would go on more more than a day or two".
The government today received bids worth more than Rs 9,200 crore on the opening day of an auction of 2G mobile phone spectrum, drawing scant interest.
Of the 22 telecom circles, in which India has been divided,
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