5G Spectrum Auction: 1.5 lakh crore bid in 4 days, this percentage of spectrum sold

5G Spectrum Auction Update: The government had started the auction of 5G spectrum from July 26. A total of 72 GHz airwaves are going to be auctioned during this auction. Reliance Jio, Airtel, Vodafone Idea and Adani Group have participated in the 5G spectrum auction. Let us tell you that till the end of the fourth day, all these companies have bid a total of Rs 1,49,855 crore. And, at the same time, the Government of India has also sold 70 percent of the spectrum. In this story, we are going to tell you some important things related to the auction.

Key things related to 5G Spectrum Auction

  • Telecom Minister Ashwini Vaishnaw said that about 71 per cent of the total spectrum held on the block has been provisionally sold. “That’s a great response.”

  • After completing seven rounds, the total bid on Friday was Rs 231.6 crore. The government is yet to give details of the bids placed by the companies, but the latest state-wise data shows that 23 rounds have taken place so far.

  • Airtel and Vodafone have been under pressure after the price war started by Jio in 2016. Both have reported losses in recent years, burdened by the government’s past spectrum dues, although the recent hike in mobile data prices has slowly started helping Airtel turn profits.

  • Adani Group said in early July that it has no plans to enter the consumer space and aims to provide solutions for private 5G networks.

  • A total of 72 gigahertz (gigahertz) radio waves worth at least 4.3 trillion were placed on the block. The auction is being conducted for spectrum in various Low (600 Megahertz , 700 Megahertz, 800 Megahertz, 900 Megahertz, 1800 Megahertz, 2100 Megahertz, 2300 Megahertz, 2500 Megahertz), Medium (3300 Megahertz) and High (26 Gigahertz) frequency bands. Is.

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