The highly anticipated spectrum auctions have concluded with disappointing results, as only 12% of the estimated value was sold. Bharti Airtel emerged as the biggest buyer, acquiring radiowaves worth over Rs 6,800 crore. Vodafone Idea and Reliance Jio also made significant purchases, adding to their 4G networks. This news has caused concern for the government, as it only managed to sell a fraction of the expected value.