5G Spectrum Auction: There is a huge craze among companies regarding 5G, bids worth 1.45 lakh crores on the very first day, know how long the spectrum will be available.
New Delhi: The fifth generation (5G) spectrum auction (5G spectrum auction) is going on in the country. Reliance Jio, Airtel, Vodafone Idea (VI) and Adani Enterprises are participating in this auction. Bids worth Rs 1.45 lakh crore have come on Tuesday, the very first day of the auction. Companies of Mukesh Ambani, Sunil Bharti Mittal and Gautam Adani bid for the biggest ever auction of radio waves. The target is to allot 5G spectrum by August 14. At the same time, 5G services are expected to start in many cities by the end of the year.
Don’t know who took how much spectrum
As per the prescribed procedure, it will not be known during the auction which company has acquired how much spectrum. Bids have also been received in the 700 MHz band on the first day of 5G spectrum auction. Telecom Minister Ashwini Vaishnav gave this information. He said the government got bids worth Rs 1.45 lakh crore on the first day of bidding. This is more than expected and has crossed the 2015 record.
Four rounds of auction held on the first day
Four rounds of auction have been held on the first day of 5G spectrum auction. The interest of companies in the middle and upper bands remained high. The companies placed strong bids in the 3300 MHz and 26 GHz bands. According to the Telecom Minister, the participation of the four companies involved in the bidding has been “strong”. He said that the response of the companies to the auction shows that they have come out of the tough times.
Spectrum to be allotted in record time
Vaishnav said the government would allot the spectrum in record time. The target is to allot spectrum by August 14, he said. Also, 5G services are expected to start by September.
Speed will be 10 times higher than 4G
With the advent of 5G services, the internet speed will be about 10 times higher than that of 4G. In this, the speed of the internet will be such that a movie can be downloaded on mobile in a few seconds. At the same time, it will revolutionize various areas including e-health, metaverse, state-of-the-art mobile cloud gaming.
Auction will continue on Wednesday
The auction is being conducted for spectrum of (600 MHz, 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz), medium (3300 MHz) and high (26 GHz) frequency bands. The spectrum auction will continue on Wednesday as well. The auction is expected to end on Wednesday itself.
