Skip to content
5G spectrum auction ends with record bids over 1.5 Lakh Crore: 10 points


5G spectrum auction: Reliance Jio was the highest bidder on the air.

New Delhi:
India’s biggest ever wave auction ended today, with a record of over Rs 1.5 lakh crore of spectrum sold, according to news agency Press Trust of India. Mukesh Ambani’s Jio became the highest bidder to consolidate his leadership position.

Here is your 10-point guide to this great story:

  1. The provisional figure for proceeds from the sale is Rs 1,50,173 crore and the final figures are being tallied, according to reports.

  2. The auction lasted seven days and ended this afternoon.

  3. The 5G spectrum cleanup, capable of delivering super-fast mobile internet connectivity, is nearly double at Rs 77,815 crore worth of 4G waves sold last year and triple at Rs 50,968.37 crore harvested at a 3G auction in 2010.

  4. Reliance Jio was the highest bidder on the airwaves capable of delivering speeds about 10 times faster than 4G, lag-free connectivity, and can enable billions of connected devices to share data in real time.

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

  6. The Adani group, a newcomer, would have bought 26 Mhz spectrum to set up a private telecommunications network.

  7. Bharti and Jio likely built a pan-India spectrum footprint for 5G, with selective participation from Vodafone Idea.

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

  9. About two-thirds of bids were for the 5G bands (3300Mhz and 26GHz), while more than a quarter of demand was for the 700Mhz band – a band that hadn’t been sold in the two previous auctions (2016 and 2021). ).

  10. The auction garnered bids worth Rs 1.45 lakh crore on the first day of July 26, with subsequent days seeing only marginal additional demand in some circles.

ndtv

Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.