'Sensationalism killed telecom in India'
Sibal said the government got more than Rs 1 lakh crore from the auction of 3G spectrum, which was used by CAG to base its presumptive loss. "But the customer got nothing" as there was no roll-out of 3G services.
"Where are those Rs 1.76 lakh crore?" he asked in an apparent reference to the CAG estimate and the money garnered in the auction that concluded on Wednesday.
Finance Minister P Chidambaram, responding to questions on the net gains made by government, said, "I think you are all jumping to numbers. I thought we started by saying let's stop myth making first. I think you are making or building more myths now."