Spectrum Auction to be held today (April 23rd 2014)
The Auction process will start at 8 AM Pakistan Standard Time. Bidders will be allowed to log into the Auction System. The First Round of bidding will start at 10 AM. There will be multiple rounds of bidding. The duration of each round will be at least 45 minutes or more. Results will be announced after each Round at PTA website (www.pta.gov.pk).
The Auction will take place using an electronic System which will allow the bidders to participate in the auction. PTA has chosen the Simultaneous Multiple Round Ascending (SMRA) Auction mechanism. SMRA is the most preferred auctioning mechanism and is widely used in modern day auctions worldwide. It is also preferred over the traditional open cry out auctioning model as SMRA allows both auctioneer and bidder flexibility to simultaneously bid on lots of their choice, privacy and time to make educated decisions during the auction. Some of recent auctions conducted in United various countries were all SMRA based auctions.
Spectrum, Auction , April ,23rd 2014