The five-day spectrum auction has concluded with government minting close to Rs 65,789 crore lower than the expectation of Rs 1 lakh crore. The premium spectrum - 700 and 900 MHz - did not find any bidders due to expensive base price.
Hours after Supreme Court cancelled 122 licences for 2G spectrum, Prime Minister Manmohan Singh today held consultations with his senior colleagues on the issue and its implications. Singh held the consultations soon after the meetings of Cabinet and Cabinet Committee on Economic Affairs.