DoT selects auctioneer for spectrum sale

7 Aug 2012

Indian regulator the Department of Telecommunications (DoT) has selected an auctioneer for the upcoming sale of 2G spectrum, the Business Standard reports. Times Internet Ltd, part of the Bennett, Coleman and Co. media group was selected to handle the tender, fending off competition from National Commodity and Derivatives Exchange Ltd and Karnataka State Electronics Development Corporation. The Supreme Court ruling that has forced the reauctioning of spectrum set a deadline of 31 August to complete the sale process, though the DoT has remained sceptical of achieving that goal.