Damp 2G auction gets just Rs 9,225 cr
“The total quantum bid for is a little over Rs 9,200 crore at the end of the fifth round,” telecom secretary R Chandrashekhar said, adding that of the 176 blocks of spectrum that were put on auction, bids were received only for 98.
This is the second time that the government is conducting auctions for the sale of spectrum, the first being in 2010 for 3G and BWA spectrum, a huge success that fetched it R1.05 lakh crore against the budgeted R35,000 crore. Analysts believe that had the auctions been held in January 2008, they may have earned the government far more given that the macro-economic environment then was better and the balance sheets of telcos less leveraged.
They also believe that with the government having drawn a blank in four circles, it may
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