Bid amount exceeds Rs 1.45 lakh crore on Day 1 of 5G auction

• Integrity Education, Delhi
• 27, Jul 2022

The government has received record bids of 1.45 lakh crore rupees on Day 1 of India's first-ever 5G spectrum auction. The crucial 700 MHz band saw bidding for the first time. The mid-band (3.3-3.67 GHz) and high-band (26 GHz) airwaves attracted strong interest. All bids were at base price.

All three private telcos - Reliance Jio, Bharti Airtel and Vodafone Idea are said to have bid for mid- and high-band airwaves as they set the stage to launch services which can offer 10 times higher mobile internet speeds than 4G. New entrant Adani Data Networks, a unit of the diversified Adani Group, is expected to have put in bids only for the high band, also known as the millimetre wave (mmWave), for use in its captive networks.

The upcoming 5G services have the potential to create new age businesses, generate additional revenue for enterprises and provide employment arising from the deployment of innovative use-cases and technologies.

Source: News on Air