After poor response to last month's 2G spectrum sale, a ministerial panel on telecom today decided to lower the base price by 30 per cent for radiowaves in 1800 Mhz band in four circles, which attracted no bidders, for fresh auction this fiscal. The four circles -- Delhi, Mumbai, Karnataka and Rajasthan -- were some of the most expensive circles in last month's 2G spectrum auction. The reserve price for last month's sale per block in Delhi was Rs 693.06 crore, while the same for Mumbai, Karnataka and Rajasthan was fixed at 678.45 crore rupees , 330.12 crore rupees and 67.08 crore rupees respectively.

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