This company won the 5G spectrum auction, bid for Rs 1.5 lakh crore, know the full news

5G Spectrum Auction: The biggest ever spectrum auction in India ended on Monday. A record sale of 5G telecom spectrum worth more than Rs 1.5 lakh crore took place in this seven-day auction. In this auction, billionaire businessman Mukesh Ambani’s company Jio made the highest bid to consolidate its leading position.

A total of Rs 1,50,173 crore bids were placed

Sources with knowledge of the matter said that according to the provisional figures, a total of Rs 1,50,173 crore were bids. This auction amount of 5G spectrum capable of offering extremely high-speed mobile internet connectivity is almost double the Rs 77,815 crore 4G spectrum sold last year. This amount is three times as against Rs 50,968.37 crore received from 3G auction in 2010.

Reliance Jio bid 10 times more

Reliance Jio made the highest bid for radio waves offering connectivity at about 10 times faster than 4G. It was followed by Bharti Airtel and Vodafone Idea Limited. Adani Group is said to have bought 26 MHz spectrum to set up a private telecom network.

No bidding for these bands

Sources said that the details of which company bought the amount of spectrum will be known only after the auction data is completely out. The government had offered spectrum in 10 bands, but no bids were received for spectrum in the 600 MHz, 800 MHz and 2300 MHz bands. About two-thirds of the bids were for the 5G band (3300 MHz and 26 GHz), while more than a quarter of the demand came in the 700 MHz band. This band had gone unsold in the last two auctions (2016 and 2021).

Last year there was a bid of so many crores

In the auction held last year, Reliance Jio had taken spectrum worth Rs 57,122.65 crore. Bharti Airtel had made a bid of about Rs 18,699 crore and Vodafone Idea bought spectrum worth Rs 1,993.40 crore. A total of 72 GHz radio waves worth at least Rs 4.3 lakh crore were put up for bid this year.

Leave a Reply

Your email address will not be published.