Times Internet all set to conduct spectrum auction process!

Digital technology company, Times Internet Limited (TIL), has been selected as the auctioneer to operate spectrum auction process by Department of Telecommunications. This will be for the e-auction of spectrum in 1800 MHz and 800 MHz bands. NCDEX Spot Exchange and Karnataka State Electronics Development Corporation were the two other firms in the race. These two firms could not qualify the 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.”