Business

5G auction continues for a few more days, around Rs 1.5 lakh crore bid

July 31, 2022
Bharat Times

5G spectrum auction in India to continue for a few more days: Minister

Telecom Minister Ashwini Vaishnav said the auction of 5G spectrum capable of offering ultra-high-speed internet attracted bids of around Rs 1.5 lakh crore on the fifth day of the sale on Saturday and the process is likely to continue for a few days. . Saturday.

Here’s your 10-point guide to the story:

  1. Reliance Industries’ Jio, rivals Bharti Airtel and Vodafone Idea, and billionaire Gautam Adani’s Adani Enterprises Ltd were all among the bidders for 5G airwaves.

  2. Mr Vaishnav said he expects the rollout of 5G by October this year – which the government says can provide data speeds about 10 times faster than 4G.

  3. Bharat had placed bids worth around Rs 1,49,966 crore on Saturday, the fifth day of the sale and the bidding is expected to continue today.

  4. “5G auction shows that the industry is looking to expand; it has come out of problems and is coming into the growth phase. The results of the auction are very good; around Rs 1,49,966 crore commitment by the industry to buy spectrum Telecom Minister Ashwini Vaishnav said at a briefing in Mumbai after a telecom investors’ roundtable.The minister said the auction and its “good response” underline the maturity of the industry.

  5. In addition to powering an ultra-low latency connection that allows full-length high-quality video or movie downloads to a mobile device in a matter of seconds (even in congested areas), the fifth generation or 5G e- Healthcare solutions. Connected vehicles, more immersive Augmented Reality and Metaverse experiences, life-saving use cases, and advanced mobile cloud gaming, and more.

  6. The minister said the reserve price fixed for spectrum is a “reasonable number”, and it is visible from the auction result. Increasingly, Rs 111-112 crore came in on Saturday, which was provisional income from Rs 1,49,855 crore received till Friday from players like Reliance Jio and Bharti Airtel.

  7. Earlier, there was a demand for 75 blocks as against the supply of 54 blocks, experts said, adding that in the recently concluded round, the demand for 50 blocks was four less than the supply in the circle.

  8. Seven new rounds were held on Saturday, and bidding would resume on Sunday with the 31st round (a departure from normal practice). As of Friday, about 71 per cent of the total spectrum held on the block was provisionally sold.

  9. After a flying start on Tuesday, in which players raked in Rs 1.45 lakh crore on the first day, the numbers only rose on Wednesday, Thursday, Friday and Saturday, as Jio and Airtel entered into intense bidding for 1800 in Uttar Pradesh’s eastern circle. were engaged in MHz band in the past few days.

  10. In all, 72 gigahertz (gigahertz) radio waves are worth at least Rs 4.3 lakh crore. The auction is being conducted for spectrum in various low (600 MHz, 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz, 2500 MHz), mid (3300 MHz) and high (26 GHz) frequency bands. Is.