The Planning Commission Deputy Chairman Montek Singh Ahluwalia on Wednesday said it was a mistake to have a high reserve price of auction of mobile phone spectrum.

Speaking to reporters in New Delhi, Mr Ahluwalia, who was part of an Empowered Group of Ministers that set 14,000 crore rupees as the base price, said the government which plans to have another auction soon for the unsold spectrum, needs to take a relook at the price.