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Decision a step in right direction, but not enough: Experts

Telecom analyst Kunal Bajaj is of the opinion that a reduction of 30 percent is not enough. He clarifies that the notion of a reserve price seems to be very fictitious as it is not the price that the auction is believed to close at. Rather, the reserve price is supposed to be an offer price where the auction is supposed to start.

first published: Dec 7, 2012 07:30 pm

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