Times Internet selected for 2G online auction

NEW DELHI: The department of telecommunications has selected digital technology company Times Internet to carry out online auction of 2G airwaves.

The e-auction will be for spectrum in 1,800 MHz and 800 MHz bands.

"Online auction is the most transparent method of holding large auctions," Times Internet CEO Satyan Gajwani said, adding, "As a technology leader, we are excited to facilitate this process."

Gurgaon-based Times Internet pipped two other firms-NCDEX Spot Exchange and Karnataka State Electronics Development Corp, which did not qualify for the financial bids round.

The e-auction will entail inviting applications, resolving queries of potential bidders, finalising eligible bidders, public information sessions and a mock auction.