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The spectrum auction today saw aggressive bidding by the telecom operators. After 7 rounds of bidding, the government has already ensured about Rs. 42,000 crore. There are still more circles for which the auction is to take place.
The bids have reached more than 44% of the bid price as per reports received.
Those who criticised CAG for calculating the loss in 2G auction at 1.76 lakh crore can think again. Spectrum is costly, very costly.