High Reserve Prices Cited for Weak Response to India 2G Auction
The first day of India’s 2G spectrum auctions produced a disappointing result: two of the country’s most valuable regions drew no bids after several operators objected that the government-set prices were too high. On Monday the government received bids totaling Rs9.2 billion ($1.7 billion), less than a quarter of the amount it had hoped to … Read more