Big disclosure of Akash Ambani! Reliance Jio might launch 5G service on this date

New Delhi : The auction for 5G spectrum is over in India. Many of India’s leading telecom companies took part in this spectrum auction. In this bidding which lasted for seven consecutive days, till the seventh day, spectrum worth more than Rs 1.5 lakh crore was bid. At the end of the auction, a total of Rs 1,50,173 crore spectrum has been sold. In this auction, many bigwigs including Mukesh Ambani, owner of Reliance Jio and Gautam Adani, who came in discussion with his new company in the telecom sector, have bid. Reliance Jio has got the maximum spectrum in this auction process. Jio is now preparing to roll out 5G service across the country. The company did not share much information about its 5G plans and trials. But now it is being celebrated that Jio will soon roll out 5G service across the country.

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  • 5G service may be released by August 15
  • Jio tops 5G spectrum auction
  • Jio can get more profit
  • 5G service may be released by August 15

According to the indication received from the chairman of Reliance Jio, Akash Ambani, Jio can release its 5G service across the country by August 15. Regarding this, he has said that he will celebrate the elixir of freedom with 5G rollout across India. According to Akash Ambani, Jio will provide world class, affordable 5G and 5G-enabled service to users. Let us tell you that the company has bought so much spectrum during the spectrum auction that it can launch 5G service on a large scale in the country.

Jio tops 5G spectrum auction

Let us tell you that Mukesh Ambani’s Jio made the highest winning bid of Rs 88,078 crore on the last day of the auction process. So the Adani group had bid for spectrum worth Rs 212 crore. Bharti Airtel had bid for 5G spectrum for Rs 43,084 crore, while Vodafone Idea had bid for Rs 18,784 crore. In this 5G spectrum auction process, Reliance Jio was at the forefront with 24,740 MHz spectrum, while Vodafone Idea got 2,668 MHz spectrum. With this, Adani Group got 400 MHz spectrum in 26 GHz band and Bharti Airtel got 19,867 MHz spectrum in different bands. In the latest round of auction, bids worth Rs 1,50,173 crore have been received for 71 percent of the total 5G spectrum. Reliance Jio got the maximum spectrum in this entire auction process. And now she is indicating to roll out 5G service across the country.

Jio can get more profit

Akash Ambani seems very clear about the 5G launch. But now it remains to be seen how his company executes it. Because there is no 5G network in India yet. Users will also need a 5G SIM for this. How does the company fulfill all these requirements together. This is a question but if the company is successful then it can get more profit than other telecom companies.

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