The auction of 5G spectrum for ultra-high-speed internet services entered the fourth day on Friday after winning bids worth Rs 1,49,623 crore in 16 rounds of bidding so far.
High interest for spectrum in the 1800 MHz band in the Uttar Pradesh Eastern circle saw Jio and Airtel put up intense bidding on Wednesday and Thursday, maintaining the momentum and extending the auction deadline beyond initial expectations.
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 is 10 times faster than 4G, with lag. -Can enable billions of connected devices for free connectivity and real-time data sharing.
After a decent start on Tuesday, in which players earned Rs 1.45 lakh crore on the first day, the numbers increased on Wednesday and Thursday. Bidding activities resumed on Friday with the 17th round.
Till Thursday, bids worth Rs 1,49,623 crore had been received in 16 rounds of bidding. A total of 72 gigahertz (gigahertz) radio waves worth at least Rs 4.3 lakh crore are on the block.
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.
In addition to powering ultra-low latency connections that allow full-length high-quality video or movie downloads to mobile devices in seconds (even in crowded areas), Fifth Generation or 5G e-Health will enable solutions. , connected vehicles, more immersive augmented reality and metaverse experiences, life-saving use cases, and advanced mobile cloud gaming, and more. PTI MBI Bal Bali