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2G Auction Day 1: Excess Demand In 900MHz Band

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February 4: The first day of the 2G spectrum saw aggressive bidding for the 900MHz bands in Mumbai, Delhi, and Kolkata despite increases in the reserve prices. Rajan Mathews, Director General at COAI, predicts that the 900MHz band will jump up to one and a half times the reserve price and sees bidding for 1800MHz picking up in metros on day 2.