Centre rejects satellite spectrum auction; Elon Musk says much appreciated

Billionaire Elon Musk appreciated Centre’s hint over preferring allocation route for satellite spectrum on Tuesday, hours after Union Minister Jyotiraditya Scindia indicated that the Centre does not plan to opt for the auction route.

The development followed a day after Musk had criticised the auction plan sought by industrialist Mukesh Ambani, labelling it as “unprecedented”.