Cabinet okays 30% cut in spectrum reserve price for 4 circles
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In last month's auction, 176 blocks were put to auction, of which 102 blocks were bid for and won. Bihar was the only circle, where the winning price was 9.22 per cent higher than the reserve price, while 17 circles went for the reserve price. The remaining four circles saw no takers.
None of the companies in fray bid for pan-India spectrum for which the reserve price was set at Rs 14,000 crore.
The government had put on auction more than half of the spectrum that was freed from Supreme Court in February this year cancelling 122 mobile permits issued by the then Telecom Minister A Raja to nine telecom companies in 2008.