The 2G auction fiasco was a foretold story. The Government Spokesperson has rightfully poked the CAG and has also placed the failure squarely on the table of the Regulator – The Telecom Regulatory Authority of India (TRAI). But what went wrong?
For telecom industry in India, the most interesting phenomenon of the day is the 2G Spectrum auction today through an online process. The two large players – Airtel and Vodafone – are bidding for incremental spectrum while smaller players including some of those whose licenses were cancelled as a whiplash action from the 2G spectrum scam earlier are also bidding for larger pieces of the spectrum. Continue reading