In 2 G spectrum auction,the government received bids worth more than 9400 crore rupees. The government was targeting 28,000 crore rupees from the sale of 2G spectrum in the GSM band.Videocon and Idea won spectrum in 7 circles while Telenor got spectrum in 4 circles. Airtel and Vodafone won spectrum in one circle each.

None of the five companies in fray bid for a pan-India spectrum for which the reserve price was set at 14,000 crore rupees for 5 Mhz of airwaves.

Bidders attributed the scant interest in the 2G auction to high base price.