The 5G spectrum auction on July 26 garnered bids worth Rs 1.45 lakh crore on the first day, with only marginal incremental demand in some circles seen in the subsequent days.
The 5G spectrum auction on July 26 garnered bids worth Rs 1.45 lakh crore on the first day, with only marginal incremental demand in some circles seen in the subsequent days.
Record of over ₹1.5 lakh crore 5G Telecom Spectrum Sold out in a seven-day auction that ended on August 1, saw billionaires mukesh ambani live Emerging as the top bidder to consolidate its leadership position.
Sources with direct knowledge of the matter said that the provisional data puts the total bids at Rs 1,50,173 crore.
The mop-up from 5G spectrum capable of offering ultra-high speed mobile internet connectivity is almost double the ₹77,815 crore 4G airwaves sold last year and triple the ₹50,968.37 crore received from 3G auctions in 2010.
Reliance Jio top bidder for the airwaves Capable of providing nearly 10 times faster speeds than 4G, lag-free connectivity, and can enable billions of connected devices to share data in real-time. It was followed by Bharti Airtel and Vodafone Idea Limited.
new entry adani group It is said to have bought 26 MHz of spectrum to set up a private telecom network.
Sources said the details of which company bought the spectrum will be known only after the auction data is fully compiled.
With select participation from Vodafone Idea, both Bharti and Jio are expected to create a pan-India spectrum footprint for 5G.
The government had offered spectrum in 10 bands but no bids were received for airwaves in the 600 MHz, 800 MHz and 2300 MHz bands. About two-thirds of the bids were for the 5G band (3300 MHz and 26 GHz), while more than a quarter of the demand came in the 700 MHz band – a band that had not sold in the last two auctions (2016 and 2021). ,
In last year’s auction – which lasted two days – Reliance Jio picked up spectrum for ₹57,122.65 crore, Bharti Airtel bid for ₹18,699 crore, and Vodafone Idea bought spectrum for ₹1,993.40 crore.
This year, a total of 72 gigahertz (gigahertz) radio waves were valued at at least ₹4.3 trillion in blocks. The auction was 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 .
In addition to powering ultra-low latency connections that allow full-length high-quality video or movie downloads to mobile devices in seconds (even in crowded areas), Fifth Generation or 5G e-Health will enable solutions. , connected vehicles, more immersive Augmented Reality and Metaverse experiences, life-saving use cases, and advanced mobile cloud gaming among others.
The auction garnered bids of ₹ 1.45 lakh crore on the first day on 26 July, with only marginal incremental demand seen in some circles in the following days.