2G auction: Govt will go back to TRAI and seek new direction

Siddharth Zarabi, CNBC-TV18 | Nov 15, 2012 at 09:34am

The auction of 2G spectrum has ended in a massive disappointment. The government has received bids less than Rs 10,000 crore, which is far below the reserve price of Rs 28,000 crore. The Centre had expected to earn nearly Rs 40,000 crore.