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Surprise Announcement After Mega Auction -by Ecork

Bharti Airtel is the second largest bidder in the 5G spectrum. (Representation)

New Delhi:

Fifth generation (5G) telecom services may be launched in India in October this year as the government on Monday successfully completed the auction of spectrum worth over Rs 1.50 lakh crore in bids by four companies including Reliance Jio, Bharti Airtel, Vodafone Idea and Adani Data Networks.

Speaking at a media conference after the end of bidding for 5G spectrum, Union Minister of Communications, Electronics and Information Technology Ashwini Vaishnaw said out of the total 72,098 MHz of spectrum on offer, 51,236 MHz or around 71 per cent has been sold. the auction. .

A total of 40 rounds of bidding were conducted in the past seven days. The total value of the bid stands at Rs 1,50,173 crore.

Talking to ANI, Mr. Vaishnaw said that allotment of the concession to successful bidders will be done on August 10 and it is likely that 5G services will be launched in the country by October this year.

“The re-sale has been completed and in the next few days, until August 10, all procedures including approval and distribution of the brand will be done,” he said.

“It seems that we will be able to launch 5G in the country by October. The ongoing 5G spectrum auctions indicate that the country’s telecom industry has come a long way in 5G developments,” the minister said. tell.

Mr Vaishnaw said that better availability of spectrum would improve the quality of telecommunication services in the country.

Reliance Jio Infocomm Limited has made bids worth Rs 88,078 crore accounting for 58.65 out of the total amount of Rs 1,50,173 crore received by the government in the 5G spectrum auction.

Jio has made offers to acquire 24,740 MHz spectrum in 700 MHz, 800 MHz, 1800 MHz, 3300 MHz and 26 GHz.

Bharti Airtel has made offers worth Rs 43,084 crore to acquire 19867.8 MHz spectrum in 900 MHz, 1800 MHz, 2100MHz, 3300 MHz and 26 GHz frequency bands.

Vodafone Idea Limited has made offers worth Rs 18,799 crore to acquire 6,228 MHz spectrum in 1800 MHz, 2100 MHz, 2500 MHz, 3300 MHz and 26 GHz.

There are four companies in the fight for the 5G auction. Adani Data Networks Limited has made offers worth Rs 212 crore to acquire 400 MHz spectrum in the 26 GHz frequency band.

Reliance Jio has made bids to acquire 24,740 MHz spectrum in 700 MHz, 800 MHz, 1800 MHz, 3300 MHz and 26 GHz.

Commenting on the sales results, Akash M Ambani, Chairman, Reliance Jio Infocomm, said: “We have always believed that India will become a global economic power through the adoption of breakthrough technologies. This is the vision and conviction that you are given. birth to Jio. The speed, scale and social impact of Jio’s 4G rollout is unmatched anywhere in the world. Now, with great enthusiasm and strong determination, Jio is set to lead India’s journey into the 5G era. “

“We will celebrate”Azadi reads Amrit Mahotsav‘ with the pan India 5G rollout. Jio is committed to offering world-class, affordable 5G and 5G services. We will provide services, platforms and solutions that will accelerate India’s digital revolution, especially in key sectors such as education, health, agriculture, manufacturing and e-Governance,” Mr Ambani said. in a word.

Bharti Airtel has made bids worth Rs 43,084 crore to acquire 19867.8 MHz spectrum in 900 MHz, 1800 MHz, 2100MHz, 3300 MHz and 26 GHz frequency bands in the 5G spectrum auction that ended on Monday.

Bharti Airtel is the second largest bidder in the 5G spectrum. Reliance Jio is the largest bidder accounting for 58.65 per cent of the total price at Rs 1,50,173 crore.

“Airtel is pleased with the results of the 5G auction. The acquisition of this spectrum in the latest auction has been part of a clean strategy to buy the best spectrum assets at a much lower relative price compared to our competition, ” Gopal Vittal, MD & CEO, Bharti Airtel, said in a statement.

“This will allow us to raise the bar on innovation and address the emerging needs of every discerning customer who demands the best experience in India. We are confident that we will be able to deliver the 5G experience of It’s the best in India in terms of coverage, speeds and latency,” he said.

Mr Vittal said that the new perspective gained through marketing will allow Bharti Airtel to change many established paradigms for both B2C and B2B customers.

“5G technology is revolutionary that can transform India’s manufacturing, services and many other sectors. We are fully committed to the Government’s Digital India vision and will continue to do what is required to ensure that India becomes a benchmark for the world in terms of technology. ” said Mr. Vittal.

(Except for the headline, this story has not been edited by NDTV staff and is published from an integrated feed.)

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