2G spectrum auction: Govt receives bids over Rs 9,200 cr on Day 1

The government had set a bid starting price of Rs 14,000 crore for 5 megahertz of GSM airwave space in all of India's 22 telecommunications zones. The base price was more than seven times what carriers paid in 2008.

Bharti Airtel, Vodafone, Idea Cellular, Norway's Telenor and Videocon are bidding for GSM, but there are no bidders for the CDMA spectrum after Tata Teleservcies and Videocon pulled out of the race.

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