2G auctioneer likely to get only Rs 2.6 cr as fees

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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