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DoT selects Times Internet to operate 2G spectrum auction online

The Department of Telecommunications has
selected Gurgaon-based Times Internet Ltd (TIL) as auctioneer to operate 2G spectrum
auction process, reports FirstPost. TIL
was among three firms that competed for the job of auctioneer but it was the
only firm that qualified for financial bids round after qualifying technical
bids.

The Department of Telecommunications has
selected Gurgaon-based Times Internet Ltd (TIL) as auctioneer to operate 2G spectrum
auction process, reports FirstPost. TIL
was among three firms that competed for the job of auctioneer but it was the
only firm that qualified for financial bids round after qualifying technical
bids.

The Mumbai-based NCDEX Spot Exchange and
the Bangalore-based Karnataka State Electronics Development Corporation were
other firms. However, these two firms could not qualify
technical bids. The e-auction will entail inviting applications, resolving queries of potential bidders, finalising eligible bidders, public information sessions and mock auction.

Commenting on this development, Satyan Gajwani, CEO – TIL said “Online auction is the most transparent method of holding large auctions. As a technology leader, we are excited to facilitate this process.”

The next step for DoT will be to issue
Information Memorandum (IM) which is final document that will carry complete details
on auction of spectrum. As per the last schedule, DoT had plans to issue IM on
August 27, just four days before August 31 deadline set by the Supreme Court to
complete the process.

The Union cabinet, on Friday, had set the
reserve price for the auction of second-generation (2G) telecom spectrum at Rs.
14,000 crore for a slot of 5 megahertz (MHz) across the country, or around Rs.
2,800 crore per MHz, nearly $700 million below what had been recommended, but
some analysts said it’s still too high.

The reserve price for spectrum in the 800MHz
CDMA band has been set at 1.3 times the GSM spectrum price. The Telecom
Regulatory Authority of India (Trai) had recommended a minimum reserve price of
around Rs. 3,622 crore per MHz, amounting to over Rs. 18,000 crore for 5MHz
across the country.

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