India’s first 5G auction received bids worth Rs 1.49 lakh crore on the second day on Wednesday as aggressive bidding from players like Reliance Jio and Bharti Airtel pushed sales to the third day. Five rounds of bidding were held on Wednesday for 5G spectrum, which is capable of offering lag-free connectivity and ultra-high-speed internet.
Telecom Minister ashwini vaishnav stated that it saw “good competition” among almost all the bands on offer. Vaishnav expressed happiness over the response received for the 700 MHz band, which did not find any buyers in the last two auctions held in 2016 and 2021. The prestigious and expensive 700 MHz band is important for coverage of remote areas.
“The sector is coming up with new energy and this is reflected in the response to the 5G auction,” Vaishnav told reporters. 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 held, and rising airwave demand in five rounds. Had happened. on Wednesday. Vaishnav said the bidding would continue on Thursday as well.
“I am happy to see good competition in the auction, with almost all the bands getting good competition,” he said, adding, “Bids worth Rs 1,49,454 crore have been received so far at the end of the ninth round.” Analysts say Ambani’s Reliance Jio could be the most aggressive in the race.
The minister said that the bands like 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2500 MHz, 3300 MHz and 26 GHz witnessed remarkable activity. “The 700 MHz band was never sold before, but this time it was sold. We are confident that it will provide good service quality to the far flung areas of the country,” the minister said. As per procedure, it will not be known until the auction is over which company got how much airwave.
The first day response of Rs 1.45 lakh crore surpassed all internal estimates of the government and broke the record high of 2015, a year when revenue collection from auctions stood at Rs 1.09 lakh crore. The second day saw bid and demand, which is 87 per cent higher than the government’s internal estimate of Rs 80,000 crore for the auction. The minister acknowledged that the response had gone “far ahead of our expectations”. Given the current levels of participation, the auctions will exceed budgetary provisions.
The spectrum auction will pave the way for the rollout of 5G services with ultra-high speed (about 10 times faster than 4G), lag-free connectivity, and could enable billions of connected devices to share data in real-time. 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 crowded areas), fifth-generation or 5G e-health such as will enable solutions. , connected vehicles, more immersive augmented reality and metaverse experiences, life-saving use cases, and advanced mobile cloud gaming, and more.
The government has promised to allot spectrum in record time and 5G services are expected to start by the September-October time frame. The target is to allot spectrum by August 14-15. Overall, the auction is being conducted for spectrum in various low (600 MHz, 700 MHz, 800 MHz, 900 MHz, 1,800 MHz, 2,100 MHz, 2,300 MHz), mid (3,300 MHz) and high (26 GHz) frequency bands. Is. A total of 72 gigahertz (GHz) radiowaves worth at least Rs 4.3 lakh crore are up for bidding. Purushottam KG – Partner & Head, Digital Solutions & Telecommunication Industry Leader, KPMG In India – said the 2022 spectrum auction for the 5G rollout has been “the best auction ever in the last few years”. “More than 75 per cent of the Earnest Money Deposit (EMD) amount was utilized on the first day… The second day was expected to focus on select participation on 26 GHz and 3.5 GHz. The use case, the broadcast use case and with a relatively small number of towers requires a relatively faster roll out,” Purushottam said.
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The government’s campaign to encourage a “Make in India” stack for tools and equipment will see a larger, India-focused ecosystem at play, which is reformed and revolutionary. Sources said that the telecom circle of Uttar Pradesh (East) witnessed additional demand in the 1800 MHz band. He said that there has been a demand of around Rs 2,000 crore for the 3300 MHz band and Rs 3,000 crore for the 1800 MHz band.
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