Government receives bids worth Rs 1.49 lakh crore in 5G spectrum auction

The government had received spectrum bids worth Rs 1.45 lakh crore after the completion of four rounds of spectrum bidding on an opening day on Tuesday.

Published: 27th July 2022 07:11 PM  |   Last Updated: 27th July 2022 07:18 PM   |  A+A-


Image used for representational purpose only. (Photo | AP)


NEW DELHI: India's auction of the 5G spectrum, capable of offering lag-free connectivity and ultra-high speed internet, has garnered Rs 1.49 lakh crore worth of bids so far as the sale stretched to the third day.

Firms run by tycoons Mukesh Ambani, Sunil Bharti Mittal and Gautam Adani as well as Vodafone Idea had put in bids worth Rs 1.45 lakh crore on an opening day on Tuesday and incremental demand for airwaves came in five rounds held on Wednesday.

Telecom Minister Ashwini Vaishnaw said the second day of the auction has ended and it will continue on Thursday.

"I am happy to see good competition in auction, good competition for all bands have come in," he said.

"Bids worth Rs 1,49,454 crore have been received so far at the end of the 9th round," he added.

Analysts said Ambani's Reliance Jio may be the most aggressive of those in the race.

The minister said all bands of the spectrum are seeing demand.

ALSO READ | 5G spectrum auction enters Day two; Jio may be lead bidder

Though details of the bids are not announced as yet, ICICI Securities said its analysis shows that Jio has likely bid for the highest spectrum worth Rs 80,100 crore, and likely opted for 10MHz spectrum in the premium 700 MHz band.

Bharti Airtel may have bid for spectrum worth Rs 45,000 crore, spending 20 per cent more than expected, possibly in 1800 MHz and 2100 MHz bands.

Vodafone Idea Ltd has likely bid for Rs 18,400 crore for spectrum, while Adani Data Networks should have picked 26 GHz spectrum pan-India, it said.

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

"It appears Adani has bought 26GHz spectrum in 20 circles (except in Delhi and Kolkata), and its total spectrum purchase could be 3350MHz for Rs 900 crore. Our estimate is provisional as data does not reflect the entire purchase by Adani. We believe, it should have purchased 200 MHz spectrum in all circles except Gujarat, where it would have bought 400MHz," ICICI Securities noted.


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 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 are those of the comment writers alone. They do not represent the views or opinions of 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. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp