EGoM slashes base price 30% for unsold spectrum in 4 circles

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Agencies: New Delhi, Dec 07 2012, 20:23 IST
2G spectrum.jpg
Mhz band.

The much-hyped 2G mobile phone spectrum auction was virtually a flop as the government managed to garner bids worth just Rs 9,407 crore as against a minimum target of Rs 28,000 crore.

Compared to the 3G auction, which lasted 35 days and got Rs 67,719 crore, the latest round of 2G spectrum auction held in November lasted just two days.

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