With the completion of the auctions for 5G spectrum, India is well on the way to the next level of the telecommunication revolution.
The State government had winded up OTM at Choudwar in June 2001 and filed a petition for liquidation in the High Court. The court had subsequently appointed an official liquidator for the purpose.
The harmonisation process, critical for 5G services, brings together a bunch of radio wave holdings within a band into one contiguous block with the consensus of all telecom service providers.
Further, more than 220 people have registered themselves on the Indian Railways E-Procurement System (IREPS) portal for participating in this initiative.
Both Bharti and Jio have likely built a pan-India spectrum footprint for 5G, with Vodafone Idea's selective participation.
Reliance Jio took the more expensive 700MHz in all 22 circles; the band has a range from 5-10 km which gives good base coverage.
The pitched battle in UP East circle seems to be cooling off now, indicating that the auctions may be entering the final leg, according to industry sources.
5G services in the country are expected to begin by the first week of October, said telecom minister Ashwini Vaishnaw on Saturday.
It added Rs 232 crore to its kitty on the fourth day of the auction. The reason behind stretching the auction for the entire week is fight for the 1800 MHz in UP (East).
Sources said minister will be holding a meeting with PE funds, VCs, investors, & banks in Mumbai on Saturday to understand their views & concerns, as also to discuss the growth path for telecom sector
From a consumer point of view, 5G technology will be 10 times faster than 4G and 30 times faster than 3G, and also it will allow a greater number of devices to be connected without any loss of speed.
According to sources, high interest continued to be seen for spectrum in 1800 MHz band in UP East circle, where Jio and Airtel were involved in intense bidding on Thursday.
On Wednesday, the auctions garnered Rs 1.49 lakh crore as aggressive bidding across multiple bands by players like Reliance Jio and Bharti Airtel sustained the tempo.
The unidentified winning bidder, who participated by phone, outlasted several others in bidding that spanned almost 10 minutes.
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.
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.
Reliance Jio and Bharti Airtel, along with cash-strapped Vodafone Idea (VIL) and new entrant Adani Data Networks, have put in bids so far.
The 3300 MHz & 26 GHz bands attracted strong bids. The telecom minister described the participation of four bidders as strong. The bids exceeding all expectations and surpassing 2015 records, he said.
Mukesh Ambani's Reliance Jio, Sunil Mittal-led Bharti Airtel, Vodafone Idea and a unit of billionaire Gautam Adani's flagship Adani Enterprises are in the race.
Experts believe the mid and high band spectrum will be utilised by the telecom service providers to roll out 5G services.