2G spectrum e-auction to start Nov 12: DoT

NEW DELHI, INDIA: The government on Monday said it planned to start e-auction of 2G spectrum November 12 and laid out an information memorandum, detailing the rules and regulations for the auction and potential bidders.

The Supreme Court had cancelled 122 licences Feb 2 and ordered the government to redistribute the licences through an auction process.

It had set a deadline of June 2, which was later extended to August 31 on the Department of Telecom (DoT's) plea. The DoT has yet again sought an extension.

In its information memorandum, the DoT said it will issue a notice inviting applications September 28 and the last date of submission of application will be October 19.

The final list of bidders will be announced November 6. This will be followed by a mock auction November 7 and 8 and thereafter the e-auction of 1800 MHz band will take place November 12.

The start of e-auction of 800 MHz band will happen two days after close of the 1800 MHz band auction.

The payment of the successful bid amount will have to be done within 10 days days of the close of the respective e-auctions, the DoT added.