The auction for 3G Spectrum was concluded on 19-May-2010 in India. It will fetch the Indian Government Rs.67,710 crores this fiscal. TRAI Chairman J S Sarma, a career bureaucrat, has stated that the bidding has been sensible while the premier Telecom player,┬áBharti Airtel, has a view that the bids have been “beyond reasonable”, primarily driven by spectrum shortage and auction format. None of the players has managed to acquire a pan-India license, however, some have managed to bid smartly than others. Now that the bidding has concluded what are it’s implications for Telecom players, consumers, future regulation and broader economy.