Rajan Mathews

Bumper bids in 2G spectrum auction paving way for higher phone bills

Bumper bids in 2G spectrum auction paving way for higher phone billsThe government is enjoying mobile phone operators' aggressive bidding for 2G spectrum in the ongoing auctions, but analysts are of the view that bumper bids are paving a way for higher phone bills.

On the very first day of 2G spectrum auction, on Monday, the government received bids of around Rs 41,918 crore, much higher than the initial estimated amount of Rs 11,300 crore. Higher-than-expected bids brought a big respite for the government, which has been struggling to generate money to close its massive fiscal deficit.




Check out More news from Recruitment News :: Admissions :: Exam Results :: Telecom Sector :: Pharmaceutical Sector :: Auto Sector :: Infrastructure :: Real Estate


Syndicate content