3G Auctions will have two stages.

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Clock stage and Assignment stage in clock stage the winners of a generic lot in each circle are determined where as in assignment stage the specific frequencies allocated to winning bidders in each circle are determined .

The clock stage determines a common winning price for a generic lot in each circle where spectrum is available

The assignment stage allows winners to bid for specific frequency blocks in circles in which they have won a generic lot in the clock stage. This allows bidders to state their relative preferences for different frequency blocks.

Price paid is the sum of the common winning price and any winning assignment stage bid.

Clock Stage – Overview

  • There will be simultaneous bidding for generic lots in each of the 22 circles where spectrum is available.
  • The clock stage will consist of a number of clock rounds.
  • The first clock round will begin with all lots in a circle being offered at the reserve price.
  • For each circle, bidders will be asked to state whether they wish to bid for one lot.
  • The ability to make bids is subject to the number of eligibility points held by bidders and activity rules
  • When the clock round finishes, the bids in each circle will be ranked

Where there are n lots available in a circle, the bidders ranked 1 to n will be declared provisional winning bidders
If total demand in a circle is not less than the number of lots available, the price of a lot will be increased in the following clock round, with the price increment linked to the level of excess demand .