Days after a poor 2G spectrum auction, Union Telecom Minister Kapil Sibal on Friday said the government is planning to have another auction of telecom spectrum before March next year.
"The intent is to try and have another auction before March 31. We will discuss how to move forward and take a call on it," Sibal said while addressing a press conference here on Friday.
"Of course, there will be an auction. There is no doubt about that. What procedure we follow for that auction is something we will decide in another few weeks," he said.
He blamed ´sensationalism´ as the factor behind the collapse of telecom growth.
"The telecom story is no longer a story we can share with the world. Sensationalism took over," Sibal said.
"You cannot extrapolate figures and sensationalize them and destroy the hen that laid the golden egg," he said.
The Indian government fetched just Rs 9,407 crore, a fraction of the Rs 40,000 crore it had hoped, as the auction for the second-generation (2G) GSM spectrum ended on Wednesday.