The 3G auction has ended today as the all-India licence was last bid for Rs 16,751 crore. After the 34 days of hectic auction and 184 rounds of bidding, the government has garnered revenue worth Rs 67,719 crore.
As analyst and experts argue on the auction, Telecom Regulatory Authority of India (TRAI) Chairman JS Sarma
says there was not any insensible bidding.
He adds, "The telecom companies knew why they were bidding at that price. We should respect the market discovered price. We do not think there was any insensible bidding. It would be interesting to watch the packages offered by the telcos."