'Sensationalism killed telecom in India'

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Agencies: New Delhi, Nov 16 2012, 17:32 IST

couple of days ago," he said.

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."

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Reader's Comments (6)| Post a Comment

kapil sibal on 2G...

jagar singh | 18-Nov-2012Reply | Forward

CAG was speculating rather than auditing accounts.He is far removed from reality.

The bidders were Dallas

Dr.Srinivasan | 17-Nov-2012Reply | Forward

The four people who commented before me have seen through congress' game plan !!!!! It is not the CAG it is the congress and A Raja who were responsible and the bidders were scared to bid because they would not make much money by palming of the bandwidth to some naive entrepreneur

2G auction

Dr. O. P. Sudrania | 17-Nov-2012Reply | Forward

The problem in biddingg is more to do with the beleaguered reputation of UPA II more than anything else. Now the Sibals' like will use to blow their shameless trumpets in their glory of failure to justify the fiscal scandals in it. Shame to UPA.