2G auction: Designed to flop?

The Comptroller and Auditor General in 2010 had said that the Government could have earned as much as Rs 1.76-lakh crore had it auctioned 2G spectrum. In 2008, the then Telecom Minister A. Raja had followed a distorted version of the ‘first come first served’ model to give away 122 licences to new players for Rs 9,014 crore.

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