Jio Buys Bulk Of 5G Spectrum Auction: Complete 10-Point Guide

Jio Buys Bulk of 5G Spectrum Auction: Complete 10-Point Guide

The center plans to roll out 5G networks before the end of the year

New Delhi:
Billionaire Mukesh Ambani’s Reliance Jio took the lion’s share for the 5G spectrum, acquiring almost half of all the ether sold in the latest auction for Rs 88,078 crore.

Here are the key points in this big story:

  1. The center plans to roll out 5G networks by October that will provide up to 10 times the speed of 4G. Analysts say authorities have postponed auctioning the spectrum in hopes of generating more revenue.

  2. Four companies are offering a total of 1.5 trillion rupees ($19 billion) for 20-year 5G licenses. During the seven-day auction, only 71 percent of the 72 GHz of available ether was bid, Telecom Minister Ashwini Vaishnaw told reporters in New Delhi.

  3. “Jio will lead India’s advance into the 5G era,” chairman Akash Ambani said in a statement, promising “services, platforms and solutions that will accelerate India’s digital revolution.”

  4. Gautam Adani, who competes with Ambani for the title of Asia’s richest person, marked his entry into telecoms by bidding for just over 0.5 percent.

  5. Earlier this month, Adani said the conglomerate has no intention of using the airwaves to compete in consumer mobility.

  6. The company was looking for “private network solutions along with enhanced cybersecurity in the airports, ports and logistics, energy” and manufacturing sectors, the company said in a statement.

  7. Rival Bharti Airtel, led by Sunil Mittal, offered rupees 431 billion for just over a quarter of the spectrum.

  8. Airtel and the local unit Vi of British telecoms giant Vodafone have been locked in fierce competition with Ambani’s Jio since the latter started a price war in 2016 by offering dirt-cheap internet and free calls.

  9. Debt-laden Vi – formerly Vodafone Idea – which is also backed by Indian billionaire KM Birla’s Aditya Birla Group, picked up nearly nine percent of the bands.

  10. India’s long-delayed 5G push comes as the world’s sixth-largest economy tries to bridge a technology gap with rivals such as South Korea, China and the United States.

Leave a Comment

Your email address will not be published.