India set to Get 5G By October, auction Ends with Record Bids Of Over 1.5 Lakh Crore
HY News
02 August, 2022 11:14 am IST
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The fifth generation (5G) telecom services is likely to be launched in India by October this year as the government successfully completed the spectrum auction mopping up over ₹ 1.50 lakh crore in bids by four companies including Reliance Jio, Bharti Airtel, Vodafone Idea and Adani Data Networks.
Addressing a media briefing after the end of the bidding for 5G spectrum, Union Minister of Communications, Electronics and Information Technology Ashwini Vaishnaw said out of the total 72,098 MHz of spectrum on offer, 51,236 MHz or around 71 per cent has been sold in the auction.
A total of 40 rounds of bidding were conducted in the past seven days. The total value of the bid stands at ₹ 1,50,173 crore.
Reliance Jio Infocomm Limited has made bids worth ₹ 88,078 crore accounting for 58.65 per cent of the total value of ₹ 1,50,173 crore received by the government in the 5G spectrum auction.
Jio has made bids to acquire 24,740 MHz spectrum in 700 MHz, 800 MHz, 1800 MHz, 3300 MHz and 26 GHz.
Bharti Airtel has made bids worth ₹ 43,084 crore to acquire 19867.8 MHz spectrum in 900 MHz, 1800 MHz, 2100MHz, 3300 MHz and 26 GHz frequency bands.
Vodafone Idea Limited has made bids worth ₹ 18,799 crore to acquire 6,228 MHz spectrum in 1800 MHz, 2100 MHz, 2500 MHz, 3300 MHz and 26 GHz.
Four firms are in the fray for the 5G auction. Adani Data Networks Limited has made bids worth ₹ 212 crore to acquire 400 MHz spectrum in 26 GHz frequency band.
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