Reasons for failure of recent 2G auctions

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. Four years later the same spectrum has yielded Rs 9,407 crore after the Government followed CAG’s advice.

Valuation by CAG
The CAG had given three sets of

CAG, 2G spectrum, CAG valuation, 2G auction, CAG on 2G