2G spectrum auctions a huge challenge

The last week has seen the government, telecom companies, banks, media, and analysts discussing the possibilities of 2G spectrum auctions in an animated fashion. Turns out, not one is happy. The government hasn’t got the 400 days it wanted, the Supreme Court is clearly unimpressed with the government’s plea for additional time, incumbents are threatening price hikes, new entrants are raising questions about the effects of such an auction on competition, with the media and analysts representing views and news — all this when there is deafening silence from the 700 million existing consumers (notwithstanding what the government tells you) and another half a billion who have yet to make a phone call from their own mobile phone.

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