5G auction stretches to 4th day; ₹1,49,623 crore worth bids received so far

On Wednesday the auctions reaped 1.49 lakh crore as aggressive bidding in multiple bands by players such as Reliance Jio and Bharti Airtel held the pace and pushed sales to the third day.

Union telecoms minister Ashwini Vaishnaw said India’s 5G spectrum auctions have been extended to day four, with bids worth considering 1,49,623 crore received on the third day on Thursday.

On Wednesday the auctions reaped 1.49 lakh crore as aggressive bidding in multiple bands by players such as Reliance Jio and Bharti Airtel held the pace and pushed sales to the third day.

As many as five rounds of bidding were held on Wednesday, and Vaishnaw said there was “good competition” in nearly all the bands on offer.

Vaishnaw expressed his delight at the response received for the coveted 700MHz band, which found no buyers in the last two auctions in 2016 and 2021.

Also read | 5G Spectrum Auction: Worth Bids 1.49 lakh crore on day 2| Top marks

“The industry is coming up with new energy and that is being reflected in response to 5G auctions,” Vaishnaw told reporters on Wednesday.

Companies run by tycoons Mukesh Ambani, Sunil Bharti Mittal and Gautam Adani, as well as Vodafone Idea had made bids worth 1.45 lakh crore on opening day on Tuesday when four rounds were held, and increasing demand for ether came in five rounds on Wednesday.


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