On the first day after four rounds, the government is offering Rs 1.45 crore.

At the end of Day 1 of India’s first 5G spectrum auction, which provides ultra-high data speeds, Information and Technology Minister Ashwini Vaishnaw said four rounds of auctions have been completed and the government has received bids worth around Rs. ,45,000 million

According to sources, the highest demand on the first day of the auction was for spectrum in the 26 GHz frequency band.

Expected 1.45 million Rs 80,000-1 crore revenue on Day 1 is about 1.5 times higher than the government’s pre-auction forecast.

The IT Minister, while talking to the media, said that the spectrum auction is expected to end by July 27 and the spectrum allocation by August 14. Vaishnaw also added that 5G service in the country is expected to start by September-October this year. years.

Major players in the 5G auction

Billionaire Mukesh Ambani’s Reliance Jio, a unit of Sunil Mittal-led Bharti Airtel, Vodafone Idea and billionaire Gautam Adani’s flagship Adani Enterprises are vying for 5G spectrum, which offers lag-free connectivity about 10 times faster than 4G. and can enable billions of connected devices to share data in real time.

Image: Shutterstock, ANI

Godfrey Kemp

"Bacon fanatic. Social media enthusiast. Music practitioner. Internet scholar. Incurable travel advocate. Wannabe web junkie. Coffeeaholic. Alcohol fanatic."

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