DoT selects mjunction to conduct auction

The Department of Telecommunications (DoT) has selected Kolkata-based mjunction services for conducting the next round of spectrum auction, scheduled in February next year.

"Pursuant to the conditions laid down in RFD...mjunction services limited...Has been selected as agency for conducting e-auction of spectrum in various bands," DoT said in a statement. DoT had shortlisted three companies -- mjunction services; a consortium led by Karnataka State Electronics Development Corporation and C1 India for the job. "The unopened financial bids and EMD of other bidders will be returned shortly," DoT said.

The auctioneer will be selected for three years and DoT may extend the contract for one more year. The DoT is selecting auctioneer to operate auction of spectrum across various bands which are --700, 800, 900, 1,800, 2,100, 2,300 and 2,500 MHz bands.

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

In a statement, mjunction said it will be conducting these auctions on a Simultaneous Multiple Round Auctions (SMRA) platform.