Mar 28, 2015
There is expected to be some consolidation in the industry with the smaller telecom companies bowing out. But the government should somehow encourage them to survive as competition is good.
The spectacular collection of Rs 1.10 lakh crore in the nine-day spectrum auction is a win-win situation for the government and a vindication of the former Comptroller and Auditor General, Vinod Rai, who had first computed the loss to the exchequer through sale of spectrum during the Manmohan Singh regime. It is way above the Rs 1,06,000 crore that the government got in 2010, which included the Rs 30,000 crore payment from the state-owned BSNL and MTNL.
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