5G spectrum auction ends today. Telecom Minister Ashwini Vaishnav has said after the auction is over that Mukesh Ambani’s Reliance Jio’s bid has been the highest.
Mukesh Ambani’s Reliance Jio’s bid has been the highest.
5G spectrum auction ends today. Telecom Minister Ashwini Vaishnav has said after the auction is over that Mukesh Ambani’s Reliance Jio’s bid has been the highest. According to the PTI report, Vaishnav said that Reliance Jio’s bid is Rs 88,078 crore, which is the highest. At the same time, Adani Group has bid for Rs 212 crore in the auction of 5G spectrum.
The auction of 5G spectrum ended with total bids of over Rs 1.5 lakh and 40 rounds have taken place. This included the 72,098 MHz spectrum offered in 10 bands. Of these, 71 percent or 51,236 MHz band was sold.
Bids worth Rs 1.45 lakh crore were received in the auction on the first day i.e. July 26. In the following days, there was only a slight increase in demand in some circles.
Reliance Jio has acquired spectrum in several bands, including the 700 MHz band, which gives a signal range of 6 to 10 km. And it is a good base for 5G in all 22 circles in the country. A tower can cover more area, if 700 Mhz is used.
Adani Group has bought spectrum in the 26GHz band, which is not meant for public networks. Telecom giant Sunil Bharti Mittal’s Bharti Airtel bought 19,867 MHz airwaves of different bands. He paid Rs 43,084 crore for this.
On the other hand, Vodafone Idea Limited bought spectrum for Rs 18,784 crore. Telecom Minister Vaishnav said that in total, bids worth Rs 150,173 crore have been received. He said that the government would get Rs 13,365 crore for spectrum in the first year. He also said that 5G services can be launched by October.
Let us tell you that after the auction is over, the mobile companies will have to deposit the money of their bids. After this, the government will allot the airwaves for which the companies have got spectrum. After this the companies will start the service. Mobile companies are already testing it. However, 5G service will not be available in the entire country simultaneously because wherever testing has been done, this service will start there. This list contains the names of 13 major cities of the country. Tariffs etc. will also be announced after that.
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