Setting the stage for the next round of spectrum auction, Telecom Regulatory Authority of India has launched consultation process to seek inputs on quantum, pricing and methodology for <br/>sale of airwaves in all seven bands. This could be the biggest auction of spectrum in terms of quantum of frequencies put on sale in seven bands, that include 700, 900, 2100 and 2300 Mhz.<br/><br/>The government will be auctioning spectrum in 700 Mhz band for the first time, considered prime band for long term evolution technology. The telecom regulatory body TRAI yesterday sought stakeholders comments on issues like quantum of spectrum to be auctioned, spectrum block size, spectrum cap, roll-out obligations and methods to be used for valuation and estimation of reserve price of spectrum. Stakeholders can send their written comments by 2st of December and counter-comments by 28th.