2G auctioneer likely to get only Rs 2.6 cr as fees
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On this poor response to spectrum auction, Telecom Minister Kapil said "Market dynamics should be allowed to let themselves paid out. The moment you start in a sense whether directly or indirectly dealing with the market and guiding it in a particular way, will always have lot of trouble which is bound to happen."
High base price of Rs 14,000 crore for 5 Mhz of pan-India airwaves is seen as main reason for auction failure.
The Minister has said that it was fixed as per the order of Supreme Court which cancelled 122 telecom licences.
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