5G Spectrum Auction Ends With Record Bids Of Over 1.5 Lakh Crore: 10 Points

5G Spectrum Auction Ends With Record Bids Over 1.5 Lakh Crore: 10 Points

5G Spectrum Auction: Reliance Jio was the best bidder for the airwaves.

New Delhi:
India’s largest ever airwave auction ended today, with a record over Rs 1.5 lakh crore of spectrum sold, according to Press Trust of India news agency. Mukesh Ambani’s Jio emerged as the best bidder to consolidate its leading position.

Here’s your 10-point guide to this big story:

  1. The preliminary figure for the sale proceeds is Rs 1,50.173 crore and the final figures are being counted according to reports.

  2. The auction stretched over seven days and ended this afternoon.

  3. The 5G spectrum cleanup, capable of providing ultra-fast mobile internet connections, is worth nearly double the Rs 77,815 crore 4G airwaves sold last year and collected triple Rs 50,968.37 crore from a 3G auction in 2010.

  4. Reliance Jio was the top bidder for the airwaves, capable of delivering speeds approximately 10 times faster than 4G, lag-free connectivity, and enabling billions of connected devices to share data in real time.

  5. It was followed by Bharti Airtel and Vodafone Idea Ltd.

  6. Newcomer Adani group is said to have bought 26 MHz spectrum to set up a private telecom network.

  7. Both Bharti and Jio are likely to have built a pan-Indian spectrum footprint for 5G, with the selective participation of Vodafone Idea.

  8. The government had offered spectrum in 10 bands, but received no bids for ether in the 600 MHz, 800 MHz and 2300 MHz bands.

  9. About two-thirds of the bids were for the 5G bands (3300 Mhz and 26 GHz), while more than a quarter of the demand came from the 700 Mhz band – a band that was unsold in the previous two auctions (2016 and 2021). stayed).

  10. The auction collected bids worth Rs 1.45 lakh crore on the first day of July 26, with only marginally increasing demand in the following days in some quarters.

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