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DoT shortlists three tech cos for spectrum auction

DoT shortlists three tech cos for spectrum auction
The Department of Telecom on Thursday shortlisted three new technology firms for conducting spectrum auction, likely to be held in February. DoT will open technical bids on Friday, while the final selection of the auctioneer is scheduled for 28 November.

The list features three companies —Kolkata-based mjunction services, a consortium led by Karnataka State Electronics Development Corporation and C1 India. Gujarat-based IT firm E-Procurement, which operated last three spectrum auctions held in November 2012, March 2013 and February 2014 did not feature in the list. The firm had participated earlier with Times Internet as the lead partner.

C1 India, the Noida based technology firm, has been awarded to conduct the proposed radiowave auction for 839 FM radio channels to be held in this fiscal. The auctioneer will be selected for 3 years and the contract can be further extended for a period of one year.

The DoT is selecting auctioneer to operate auction of spectrum across various bands which are —700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz and 2500 MHz bands.

DoT will pay auctioneer a percentage of difference  between the reserve price of spectrum and final the price derived through the process as quoted by the auctioneer in its bid.
PTI

PTI

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