5G Spectrum Sold During the Auction Enough for Covering India with 5G

Reliance Jio dominated the purchase activities as expected, spending Rs 88,078 crore to acquire 24.740 GHz of airwaves in the 700 MHz, 800 MHz, 1800 MHz, 3300 MHZ, and 26 GHz bands.

Highlights

  • The government raised Rs1,50173 crore by selling 71% of the total spectrum.
  • For 400 MHz in the 26 GHz spectrum, newcomer Adani paid Rs 212 crore.
  • Vodafone Idea offered Rs 18, 799 crore for the spectrum.

Follow Us

5G Spectrum Auction

Telecom minister Ashwini Vaishnaw said that the 5G spectrum auction 2022 saw over 71% of the spectrum getting sold. This is a remarkable figure and mostly achieved because of the big contributions from Reliance Jio. Spectrum worth Rs 1,50,173 crore was sold during the auctions. A total of 51.236 GHz of the 72.098 GHz of available airwaves were chosen by the four bidders.




As per an ET Telecom report, Union telecom minister Ashwini Vaishnaw spoke to the media following the auction and said, "We understand that the spectrum purchased is good enough to cover all the circles in the country. In 2-3 years, very good coverage for 5G.”

Reliance Jio Led the Auctions with the Highest Bidding Total

Reliance Jio dominated the purchase activities as expected, spending Rs 88,078 crore to acquire 24.740 GHz of airwaves in the 700 MHz, 800 MHz, 1800 MHz, 3300 MHZ, and 26 GHz bands.

Bharti Airtel, the second-largest telecommunications provider in India, acquired 19.867 GHz of spectrum in the 900 MHz, 1800 MHz, 2100 MHz, 3300 MHz, and 26 GHz bands. It invested Rs 43084 crore in the auction in total.

In accordance with expectations, Vodafone Idea offered Rs 18,799 crore for the spectrum, securing 6.228 GHz of airwaves in the 1800 MHz, 2100 MHz, 2500 MHz, 3300 MHz, and 26 GHz bands.

For 400 MHz in the 26 GHz spectrum, newcomer Adani paid Rs 212 crore.

The successful bidders have the option of paying in 20 equal instalments over the following 20 years (which is also the duration of the right to use the spectrum acquired in the auction). In the event that everyone chooses the option, the first instalment would be worth Rs 13,365 crore.

Reported By

Bhavya is very keen on learning about developments that take place in the tech and telecom industry. She is also someone whom you can sit with and talk about all the Netflix movies and series on science fiction.

Recent Comments

Faraz :

Does Bharti Hexacom provide Airtel 5G services in N.E and Rajasthan Or Both are offering 5G seperately ? Who bought…

Bharti Hexacom IPO Set for April 3, TCIL to Sell…

Faraz :

Nice.. & BSNL 60 Mbps is even perfect plan for many if there are more than 5 devices connected. Many…

BSNL 60 Mbps Plan is Likely One of the Best…

Faraz :

Budget phones have degraded more than any other budget phones since pandemic. They are still selling some craps like Helio…

POCO C61 to Launch on March 26, 2024

shivraj roy :

i feel Vi has improved than what it was in 2022 i usually get around 8-10mbps in very heavily dense…

5G Users Consuming 3.6 Times More Data than 4G Users…

biswadeepmondal :

JioAir Fiber is working very well in KPA & HLR. Sadly they don't have any data only plan.

REP: Airtel Expands Network Footprint in Bankura District of West…

Load More
Subscribe
Notify of
54 Comments
newest
oldest most voted
Inline Feedbacks
View all comments