The auction of 5G spectrum capable of offering ultra-high-speed internet has received bids worth Rs 1,50,130 crore till Sunday, amid spurt in demand from radiowaves in the UP East circle, reaching the seventh day on Monday.
In the seven fresh rounds of bidding held on Sunday, the sixth day of the auction, Rs. Promoting cumulative spectrum sales of over Rs 163 crore. 1.50 lakh crore figure.
Provisional bids worth crores of rupees have been received in the auction. 1,50,130 crore in the first six days, according to the data released by the Department of Telecommunications.
Sources said that after a relative easing in demand on Saturday, the UP East circle – which includes Lucknow, Allahabad, Varanasi, Gorakhpur, Kanpur – saw an uptick in bidding activity once again for 1800 MHz, a band that mainly Used by telecom companies for 4G services.
UP East – which has over 100 million mobile subscribers – accounted for all of the incremental spectrum sales on Sunday, amid an uphill battle for radiowaves among players like Reliance Jio And Bharti Airtel,
As of May, Reliance Jio had 3.29 mobile subscribers in Uttar Pradesh East, Bharti Airtel (37 million) and Vodafone Idea (2.02 crores).
The intensity of bidding for the 1800 MHz band in Uttar Pradesh Eastern Circle peaked between Wednesday and Friday, then dipped slightly on Saturday. Sources said that on Sunday, however, there was a renewed interest and the supply of spectrum once again boosted the demand.
The three private operators are said to be keen to increase their stake in this band in Uttar Pradesh East, as radio waves are not available in the 900 MHz band.
All eyes will be on this circle when bidding resumes with the 38th round on Monday and the timeline of the auction will depend on how the bidding progresses throughout the day.
Telecom Minister Ashwini Vaishnav had earlier said that the 5G auction underscores that the industry is looking to expand and has entered a growth phase.
Vaishnav said at a briefing on Saturday, “The results of the auction are very good, about Rs 1,49,966 crore has been committed by the industry to buy spectrum.”
The minister stressed that the reserve price fixed for spectrum is a “reasonable number” and is visible from the auction result.
Billionaire Mukesh Ambani’s Reliance Jio, Sunil Mittal-led Bharti Airtel, Vodafone Idea and a unit of billionaire Gautam Adani’s flagship Adani Enterprises are in the race to bid for 5G spectrum, which offers speeds nearly 10 times faster than 4G. does. and could enable billions of connected devices to share data in real-time.
In addition to powering an ultra-low latency connection that allows full-length high-quality video or movie downloads to a mobile device in a matter of seconds (even in congested areas), the fifth generation or 5G e- Healthcare solutions. Connected vehicles, more immersive Augmented Reality and Metaverse experiences, life-saving use cases, and advanced mobile cloud gaming, and more.
As of Friday, about 71 per cent of the total spectrum held on the block had been temporarily sold.
After a flight started on Tuesday, in which players paid Rs. 1.45 lakh crore on the first day, an increase in numbers since Wednesday, with players like Jio and Airtel making intense bids in the Uttar Pradesh Eastern circle for the 1800 MHz band.
Overall, 72 gigahertz (gigahertz) radiowaves, worth at least Rs 4.3 lakh crore, are on the block in the 2022 auction. The auction is being conducted for spectrum in various low (600 MHz, 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz, 2500 MHz), mid (3300 MHz) and high (26 GHz) frequency bands. Is.