Dialling a poor response

Though the 2G auction is still three weeks away, the initial signs—the number of companies who’ve said they wish to bid and for how many circles—don’t look too good, with the number of bidders below the number of spectrum slots on offer. Which means the government could fall well short of its R40,000 crore target for the year from spectrum charges, both in the 2G auction as well as for the ‘extra’ spectrum that telcos hold.

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