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DoT selects mjunction to conduct February auction
The Department of Telecom has selected Kolkata-based mjunction services for conducting the upcoming spectrum auction in February, next year.
In December 2015, seven licences each of Idea Cellular and Reliance Communications, four licences of Bharti Airtel and six licences of Vodafone will complete their 20-year term after which they should be renewed.
The telecom department had shortlisted three companies mjunction services; a consortium led by Karnataka State Electronics Development Corporation; and C1 India -- for conducting the auction process.
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The Telecom Regulatory Authority of India (TRAI) has set a price of Rs.3,004 crore per mega hertz for bandwidth to be auctioned in 18 service areas for the more efficient 900 Mhz band and Rs.2,138 crore per mega hertz for the 1,800 MHz band for the February auction.
In the 1,800 MHz band, 20 circles are going for auction, while in the 900 MHz band 18 circles will be up for sale.
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The revenue target from spectrum auction set by the government in the 2014-15 budget is Rs.45,471 crore.
Source: IANS
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