News 360: 2G spectrum auction ends

CNN-IBN | Nov 14, 2012 at 11:29pm

The re-auction of 2G mobile spectrum has been a massive disappointment, ending at less than Rs 10,000 crore - way below the government target of Rs 40,000 crore. Idea is the provisional winner in seven circles while Videocon is also the provisional winner in seven circles. Others like Airtel and Vodafone bid cautiously. The bidding comes after the Supreme Court had cancelled 122 licences in February 2012.