Bidding for spectrum auction to start from March 1

TIL Desk/Business/New Delhi/ Bidding for the sixth round of spectrum auction for radiowaves worth Rs 3.92 lakh crore will start from March 1, according to a notice issued by the Department of Telecom on Wednesday.

The long-awaited spectrum auction is being held after a gap of four years and over two years after the Telecom Regulatory Authority of India (Trai) calculated and recommended base price for the radiowaves.

The DoT has fixed January 12 for the pre-bid conference and January 28 as the last date for seeking clarification to the notice. Telecom operators will need to submit their application by February 5 for participation in the auction. The final list of the bidders will be declared on February 24 and the auction process is scheduled to begin from March 1.