OREANDA-NEWS. mjunction services has been awarded a three-year contract for the e-auction of telecom spectrum in various bands, according to a Department of Telecommunications release dated December 4, 2014.

mjunction is the only company which cleared the technical round for this auction and qualified for the financial bid opening on November 28.

The company will be conducting these auctions on a Simultaneous Multiple Round Auctions (SMRA) platform.

The mjunction CEO and MD, Mr Viresh Oberoi, who is also the Chairman of CII Eastern Region, said, "We are happy that the capabilities that we have built over the past decade of e-auctioning critical resources, has been recognised by the ministry of communications, Government of India, in awarding us this nationally-important responsibility."

The spectrum auction is likely to be held in February.