New Delhi, July 30: The auction of 5G spectrum capable of offering ultra-high-speed internet fetched around Rs 1,49,966 crore on the fifth day of sale on Saturday and the bidding is expected to continue on Sunday as well. The total value of bids in the telecom spectrum auction that began on Tuesday, July 26, has come within a range of over Rs 1.50 lakh crore.
“The 5G auction shows that the industry is looking to expand, it has come out of the problems and is coming into the growth phase. The auction results are very good, the industry has committed around Rs 1,49,966 crore to buy spectrum. The minister said the auction and its “good response” underscore the maturity of the industry. billionaire mukesh ambani Reliance Jioled by Sunil Mittal Bharti Airtel, Vodafone Idea And a unit of billionaire Gautam Adani’s flagship Adani Enterprises is in the race to bid for 5G spectrum, which offers nearly 10 times faster speeds than 4G, lag-free connectivity and data in real-time to billions of connected devices. enables sharing.
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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. 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.
Industry analysts, citing telecom ministry data, said demand in Uttar Pradesh East – which had peaked in the last three days – fell below the supply level on Saturday. Experts said that earlier there was a demand for 75 blocks as against the supply of 54 blocks. The demand-supply pattern in Uttar Pradesh East indicated that bidding activity is showing signs of closure, although the situation will become clear on Sunday morning.
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. 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.
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.
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