Transparent glasses in the system 0.5Li 2 O-0.5M 2 O-2B 2 O 3 (M = Li, Na and K) were fabricated via the conventional melt quenching technique. The amorphous and glassy nature of the samples was confirmed via the X-ray powder diffraction and the differential scanning calorimetry, respectively. The frequency and temperature dependent characteristics of the dielectric relaxation and the electrical conductivity were investigated in the 100 Hz-10 MHz frequency range. The imaginary part of the electric modulus spectra was modeled using an approximate solution of Kohrausch-Williams-Watts relation. The stretching exponent, β, was found to be temperature independent for 0.5Li 2 O-0.5Na 2 O-2B 2 O 3 (LNBO) glasses. The activation energy associated with DC conduction was found to be higher (1.25 eV) for 0.5Li 2 O-0.5K 2 O-2B 2 O 3 (LKBO) glasses than that of the other glass systems under study. This is attributed to the mixed cation effect.