5G Spectrum Auction 2022 Day 4: Bids Rise to Rs 1,49,855 Crore after 23 Rounds

At the end of the spectrum auction, Jio will emerge as the bidder who spent the most money on airwaves across several bands. Every telco had its own strategy. The Adani Group's Adani Data Network bid for a very small amount of spectrum only meant for 5G.

Highlights

  • 5G Spectrum Auctions will continue for a straight fifth day on July 30, 2022.
  • On day 3, the cumulative bid amount was Rs 1,49,623 crore.
  • At the end of the spectrum auction, Jio will emerge as the bidder who spent the most money on airwaves across several bands.

Follow Us

5G Spectrum Auction

5G Spectrum Auctions will continue for a straight fifth day on July 30, 2022. Today was the fourth day, where after 23 rounds of bidding, the telcos have spent a total of Rs 1,49,855 crore. On day 3, the cumulative bid amount was Rs 1,49,623 crore. The telecom minister Ashwini Vaishnaw, as per Livemint, said that a total of 23 rounds of bidding had been completed at the end of the fourth day. During the curtain raiser of the Indian Mobile Congress 2022, Vaishnaw said that the 5G spectrum auction has seen a great response and thanked the telecom industry for that. Further, the telecom minister said that it was great to see telcos pushing for spectrum for 4G services as well.

At the end of the spectrum auction, Jio will emerge as the bidder who spent the most money on airwaves across several bands. Every telco had its own strategy. The Adani Group's Adani Data Network bid for a very small amount of spectrum only meant for 5G. The telcos, on the other hand, have focused on getting spectrum to strengthen their current operations. Well, the spectrum auctions have still not ended. The government will be very happy to see the response of the bidders as it is going to put a lot of money in the pocket of the DoT (Department of Telecommunications).

When Will 5G Launch in India

The telecom minister earlier said that telcos would launch 5G services in India within the current financial year, which is also a great thing for India. But the initial launch would be focused only on select cities and places. The telcos have got both the mid-band as well as mmWave (millimetre wavelength) frequencies to offer 5G services to enterprises as well as consumers. Every telco will go with a different strategy to launch 5G services in India. We will have to wait and watch who launches 5G first.

Reported By

Editor in Chief

Tanay is someone with whom you can chill and talk about technology and life. A fitness enthusiast and cricketer, he loves to read and write.

Aviation and Fintech News

Recent Comments

Subscribe
Notify of
17 Comments
newest
oldest most voted
Inline Feedbacks
View all comments