MUMBAI: The Department of Telecom has selected Times Internet Limited as the auctioneer for 2G spectrum auction process following a bidding process.

Mumbai-based NCDEX Spot Exchange and the Bangalore-based Karnataka State Electronics Development Corporation were also in the fray but the two could not qualify the technical bids.

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

The e-auction of spectrum will be in 1800 MHz and 800 MHz bands. "Online auction is the most transparent method of holding large auctions. As a technology leader, we are excited to facilitate this process," said TIL CEO Satyan Gajwani.

The empowered Group of Ministers (EGoM) is scheduled to meet Tuesday to decide on the auction timeline.