5G Auction: 5G spectrum auction ends, Rs 1.50 lakh crore bid, Reliance Jio tops.

The auction of 5G spectrum being done for the first time in India is now over. Giving information about the completion of the auction process, Telecom Minister Ashwini Vaishnav has said that during the first 5G spectrum auction in the country, 51236 Mhz spectrum out of 72098 Mhz has been sold. During the spectrum auction, companies have bid for a total spectrum of Rs 1,50,173 crore.

Reliance Jio made the highest bid in spectrum auction

After the completion of the 5G spectrum auction process, the Telecom Minister said, “Out of the total spectrum put up for auction, 71% spectrum has been sold.” Giving information, the Telecom Minister said that Reliance Jio Infocomm has won the highest bid in the spectrum auction. Reliance has purchased a total of 24,740Mhz spectrum. Reliance has placed bids for 700Mhz, 800Mhz, 1800Mhz, 3300Mhz and 26Ghz spectrum.

Airtel ranked second in the race to get 5G spectrum

Bharti Airtel was at number two in the spectrum buying spree. Bharti Airtel has purchased 19867Mhz spectrum. At the same time, Vodafone-Idea has purchased 6228Mhz spectrum. Adani Data Networks, which is making its first foray into the world of telecommunications, has bought 400Mhz spectrum by bidding for 26Ghz airwave spectrum. Let us inform that for the first time in the country, the auction of 5G spectrum started on July 26, which has ended on August 1, 2022.

Government got double income from 5G auction as compared to 4G

Let us tell you that earlier during the auction of 4G spectrum, a total of Rs 77815 crore was bid. Now during the auction of 5G spectrum, the government’s income from spectrum auction has almost doubled. During the 5G spectrum auction, companies have bid for spectrum worth Rs 1,50,173 crore.

5G services may start in the country by October

On the other hand, on the question of the launch of 5G auction, Ashwini Vaishnav said that the auction process of 5G spectrum has been completed. In the coming few days by August 12, all the formalities related to taking advance payment, approval and allotment will be completed. “We are hopeful that we will be able to launch 5G services in the country by October,” he said.

Adani Group buys 5G spectrum to build private network

Reliance Group has made the most aggressive bid during the 5G spectrum auction. Airtel is the second number after him. At the same time, Vodafone Idea has made bids only for its priority areas. At the same time, Adani Data Network, which is going for the first time in the field of telecom, has bid for 26 Ghz airwaves to make it its private network.

According to media reports, during the auction of 5G spectrum, on an average, Reliance Jio Infocom collected Rs 88,078 crore, Airtel 43,084 crore, Vodafone-Idea 18,784 crore, while Adani Data Networks, which is entering the telecom world for the first time, got spectrum worth Rs 212 crore. have bought.

Jio will provide affordable 5G service: Akash Ambani

Akash M Ambani, Chairman, Reliance Jio Infocomm, after the 5G spectrum auction process, said that it has always been our belief that by adopting new technologies, India will become a major economic power in the world. It was this vision and conviction that gave birth to Jio. The speed, scale and social impact of Jio’s 4G rollout is unmatched in the world. Now Jio is all set to take the lead in 5G technology in India. We will celebrate ‘Azadi Ka Amrit Mahotsav’ with a pan-India 5G rollout. Jio is committed to providing world-class, affordable 5G services. We will provide services, platforms and solutions that will accelerate India’s digital revolution. Akash Ambani said, ‘This is our next contribution in realizing the Prime Minister’s Digital India mission.’