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2G auction: DoT may declare results soon-Report
TT Correspondent |  |  22 Nov 2012

With the inter-ministerial group having already submitted its report, the results of auctions held on 12-13 November may be declared in a day or two, reports PTI.

The report has quoted a Department of Telecommunications (DoT) to say that the formal procedure was on and results would be declared in the next couple of days.

The auctions lasted only two days with government managing to earn only Rs 9,407.64 crore against the reserve price of Rs 14000 crore.

Worse, only 101 of 144 blocks got bids with Delhi, Mumbai, Karnataka, Rajasthan circles going unsold. 3G Auctions in 2010 lasted for over a month, and fetched earned Rs 67,000 cr.

Bharti Airtel, Vodafone, Telewings, Videocon, and Idea Cellular participated in the auctions. While Videocon and Idea won spectrum in seven circles, Bharti Airtel won in one circle while Vodafone got 14 circles. While Telewings got spectrum in six circles.

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