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 Friday, November 16, 2012
The government has garnered just Rs 9,407 crore, less than a quarter of what it expected, as the much hyped second generation (2G) airwaves auctions evoked a tepid response from mobile phone companies, exacerbating concerns about the Centre's ability to meet its fiscal deficit target

Norway's Telenor and Videocon, which had lost pan-India permits when the Supreme Court quashed all permits issued by former telecoms minister A Raja, won back their licences in six circles each, and will shell out Rs 2,222 crore and Rs 4,018 crore respectively. Telenor emerged as the largest bidder in the auctions.

Source: The Economic Times.