Last Update: 28 July 2022, 17:07 IST
The auction of 5G spectrum has started from Tuesday, July 26.
India’s 5G spectrum auction entered its third day on Thursday with the tenth round of bidding for airwaves that will power lag-free connectivity and ultrahigh-speed internet.
New Delhi: India’s 5G spectrum auction entered its third day on Thursday with the tenth round of bidding for airwaves that will power lag-free connectivity and ultra-high speed internet. On Wednesday, the auction raised Rs 1.49 lakh crore in the form of aggressive bidding across multiple bands by players like Reliance Jio and Bharti Airtel, pushing the sales to the third day.
Five rounds of bidding were held on Wednesday and Telecom Minister Ashwini Vaishnav said “good competition” was seen in almost all the bands on offer. Vaishnav expressed happiness over the response received for the coveted 700 MHz band, which did not find any buyers in the last two auctions held in 2016 and 2021.
“The sector is coming up with new energy and this is reflected in the response to the 5G auction,” Vaishnav told reporters on Wednesday. Firms run by tycoons Mukesh Ambani, Sunil Bharti Mittal and Gautam Adani, as well as Vodafone Idea, had put in bids worth Rs 1.45 lakh crore in the opening day on Tuesday, when four rounds were conducted, and rising airwave demand in five rounds. Had happened. Wednesday.
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