Top Stories

5G Auction To Continue For More Days, Nearly Rs 1.5 Lakh Crore Bid -by Ecork

India 5G spectrum auction to continue for few more days: Minister

The sale of 5G spectrum capable of offering high-speed internet subsidies totaled Rs 1.5 lakh crore on the fifth day of sale on Saturday and the process may continue for the next few days, said telecom minister Ashwini Vaishnaw on Saturday.

Here’s Your 10 Point Guide To The Story:

  1. Reliance Industries’ Jio, rivals Bharti Airtel and Vodafone Idea, and billionaire Gautam Adani’s Adani Enterprises Ltd are all among the bidders for 5G airwaves.

  2. Mr Vaishnaw said he expects the launch of 5G – which the government says can provide data speeds about 10 times faster than 4G – by October this year.

  3. India attracted bids worth about Rs 1,49,966 crore on Saturday’s fifth auction day, and the bidding is expected to continue today.

  4. “The 5G sale shows that the company wants to expand; it has come out of the problems and is entering the growth phase. The sales results are good; close to Rs 1,49,966 crore has been made by the company for the purchase the spectrum. Telecom Minister Ashwini Vaishnaw said at a conference in Mumbai after a panel of telecom investors. The minister said the auction and the “good response” showed the growth of the industry.

  5. Apart from the power of low-latency connections, which allow downloading a full-high quality video or film to a mobile device in a matter of seconds (even in crowded areas), the Fifth Generation or 5G will allow solutions such as e-health, connected cars, more immersive augmented reality and transformative experiences, life-saving use cases, and advanced mobile cloud gaming, among others.

  6. The minister said that the fixed reservation price for the spectrum is a “fair number”, and the same is evident from the auction result. Additionally, there was Rs 111-112 crore on Saturday, a rise from the Rs 1,49,855 crore earned till Friday from players like Reliance Jio and Bharti Airtel.

  7. Previously, the demand was for 75 blocks against the supply of 54 blocks, experts said, adding in the cycle that just ended, the demand was for 50 blocks, four less than the supply in the circle.

  8. Seven new rounds were played on Saturday, and the bidding will resume on Sunday (a departure from regular practice) with the 31st round. As of Friday, about 71 percent of the total spectrum put on the block has been sold.

  9. After a flying start on Tuesday that saw players raking in Rs 1.45 lakh crore on the first day, the numbers picked up only incrementally on Thursday, Wednesday, Friday, and Saturday as Jio and Airtel made a big launch in Uttar Pradesh East Circle for 1800 MHz band in the last couple of days.

  10. In all, 72 GHz (gigahertz) of radio waves worth at least Rs 4.3 crore are available on the block. Auctions are held for spectrum in the low range (600 MHz, 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz, 2500 MHz), medium (3300 MHz) and high (26 GHz) frequency range.

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button