The party also charged the government and the corporates with "collaboration" and having "vested interest" in keeping the 2G auction prices low.
Countering the government which blamed the CAG and the opposition's "sensationalism" about the huge notional loss to the telecom sector due to 2G spectrum allocation, senior CPI(M) leader Sitaram Yechury said "a lot of false propaganda" was being carried out about CAG's estimation of losses of Rs 1.76 lakh crore due to 2G spectrum allocation in 2008.
Maintaining that the scenario in 2008 and the one prevailing now were completely different, he said the lack of response in the latest round of auction was firstly due to the "virtual saturation of demand" in mobile phone service market which had 300 million subscribers four years ago and now has 900 million. (more)