5G spectrum: Fifth round of bidding underway, auctions may conclude today

Firms run by tycoons Mukesh Ambani, Sunil Bharti Mittal and Gautam Adani as well as Vodafone Idea had put in bids of about Rs 1.45 lakh crore to buy fifth-generation (5G) airwaves.

Published: 27th July 2022 11:59 AM  |   Last Updated: 27th July 2022 11:59 AM   |  A+A-

5G spectrum

5G spectrum

By PTI

NEW DELHI:  After a better-than-expected response from players on opening day, the 5G spectrum auctions entered the second day on Wednesday, with the fifth round of bidding currently underway.

Firms run by tycoons Mukesh Ambani, Sunil Bharti Mittal and Gautam Adani as well as Vodafone Idea had put in bids of about Rs 1.45 lakh crore to buy fifth-generation (5G) airwaves on Tuesday.

Telecom Minister Ashwini Vaishnaw said the response on the first day exceeded all expectations and will surpass the record of 2015, when revenue collection from auction stood at Rs 1.09 lakh crore.

Notably, even the 700 MHz band, which had not seen any takers in the 2016 and 2021 auctions, received bids this time. As per information put out by the Telecom Department, in the coveted 700 MHz band, provisional bids worth Rs 39,270 crore were received on day one of the auction, market watchers said.

The day-two of the bidding process began at 10 AM and it is widely expected to conclude much ahead of the scheduled closing time of 6 PM. Sources said the fifth round of bidding is currently underway. India's first auction of 5G spectrum, which would power ultra-high data speeds, is currently on.

A total 72 GHz (gigahertz) of radiowaves worth at least Rs 4.3 lakh crore is up for bidding across multiple bands. The 5G spectrum offers ultra-high speeds (about 10 times faster than 4G), lag-free connectivity, and can enable billions of connected devices to share data in real-time.

ALSO READ | 5G spectrum auction: Government receives Rs 1.45 lakh crore bid on first day

In addition to powering ultra-low latency connections, which allow downloading full-length high-quality video or movie to a mobile device in a matter of seconds (even in crowded areas), 5G would enable solutions such as e-health, connected vehicles, more immersive augmented reality and metaverse experiences, life-saving use cases, and advanced mobile cloud gaming among others.

The government will allocate the spectrum in record time and 5G services are expected to be rolled out by September.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp