Times Internet selected as auctioneer for spectrum

Published: 07th August 2012 12:26 PM  |   Last Updated: 07th August 2012 12:26 PM   |  A+A-


Gurgaon-based Times Internet Limited (TIL) Monday said it has been selected as the auctioneer to operate the spectrum auction process by the telecom department.

"This will be for the e-auction of spectrum in 1800 MHz and 800 MHz bands," the company said in a late night statement.

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, holding public information sessions and a mock auction.

"Online auction is the most transparent method of holding large auctions. As a technology leader, we are excited to facilitate this process," said Satyan Gajwani, chief executive officer, TIL.

The empowered Group of Ministers (EGoM) is scheduled to meet Tuesday to decide on the auction timeline. It was earlier scheduled to meet Monday evening.

Though the government has been reiterating that it is making all efforts to meet the apex court's deadline of Aug 31, industry experts feel that it is likely to seek another extension.

The Supreme Court had initially given the telecom department four months to conduct the aution while cancelling the licences in February but then extended the deadline to Aug 31.

Stay up to date on all the latest Business news with The New Indian Express App. Download now


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp