Markets matter: That's the lesson from the failed telecom auctions

Though some have been quick to term the decision by various telcos to not participate in the second round of spectrum auctions—of the 390 MHz of spectrum on offer in November, only 127.5 MHz was bid for at the lowest possible price while there were no takers in the more expensive circles like Delhi and Mumbai—as evidence of their cartelisation, the lesson for the government is that it needs to pay attention to market realities.

Read Full Story>>