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2G spectrum auction nets Rs. 61,162 crore: 10 things to know

At Rs 61,162 crore, the government's total revenue from the auction is much higher than its initial estimate of about Rs 41,000 crore. The licences won today will be valid for a period of 20 years. The companies need pay only a quarter to a third of the winning auction price upfront and the remainder through to 2026. Eight companies, including Bharti Airtel, Vodafone, and Reliance Industries Ltd, had applied to bid in the au...
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