The report noted some of the operators managed to acquire bandwidth during the bidding. Idea bought back bandwidth in all the six service areas where it lost permits, while Videocon Telecommunications won bandwidth in six areas, it said.
It added Sistema and Tata Teleservices did not bid in the November auction. Sistema now only has license in just one telecom service area while Tata Teleservices lost three of its 22 permits.
Wall Street Journal said the rejection puts at risk billions of dollars invested in India by Sistema and Japan's NTT Docomo, which has a 26 percent stake in Tata Teleservices. The foreign companies had bought stakes in Indian firms which were allocated telecom licenses in 2008.