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India's 3G Auction Led To 'Winner's Curse' Problem: Rahul Khullar

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September 18: TRAI Chairman Rahul Khullar says the regulator makes recommendations but it is the government that takes policy decision. He says that more 3G spectrum is being worked on to auction but warns that 3G won't get the same value today as it did in 2010. The 2010 3G auction saw irrational exuberance, which gets tempered over time, he says, adding that we cannot hang on to prices fetched earlier.