DoT selects mjunction services for conducting spectrum auction

The Department of Telecom (DoT) has selected Kolkata-based mjunction services for conducting spectrum auction, scheduled to be held 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 conduct of auction process.
"The unopened financial bids and EMD of other bidders will be returned shortly," DoT said.
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.
The department 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.