Search This Website

5G spectrum auction ends: Ambani'sJio bids highest 1,993.40

5G Spectrum Auction ends, Reliance Jio is the top endeavor 



A record over Rs1.5 lakh crore worth of 5G telecom diapason was vended in a seven- day transaction ending on Monday, which saw billionaire Mukesh Ambani's Jio arising as the top endeavor to consolidate its leadership position. 

 

Sources with direct knowledge of the matter said provisional data puts the total flings at Rs 1,50.173 crore. 

 

The mop- up from the 5G diapason, able of offering ultra-high speed mobile internet connectivity, is nearly double at Rs 77,815 crore worth 4G airwaves vended last time and triadic of Rs 50,968.37 crore garnered from a 3G transaction in 2010. 


Reliance Jio was the top endeavor to the airwaves able of offering pets about 10 times faster than 4G, pause-free connectivity, and can enable billions of connected bias to partake data in real- time. It was followed by Bharti Airtel and Vodafone IdeaLtd. 

 

New entrant Adani group is said to have bought 26 Mhz diapason for setting up a private telecom network. 


The sources said details of which company bought how important diapason would be known once the data from the transaction is completely collected. 

 

Both Bharti and Jio have likely erected apan-India diapason footmark for 5G, with Vodafone Idea's picky participation. 


The government had put on offer diapason in 10 bands but entered no flings for airwaves in 600 MHz, 800 MHz and 2300 MHz bands. About two- thirds of the flings were for the 5G bands( 3300 Mhz and 26 GHz), while further than a quarter of the demand came in the 700 Mhz band- a band that had gone unsold in the former two deals( 2016 and 2021). 

 

In the transaction conducted last time- that had lasted two days- Reliance Jio picked up diapason worth Rs 57,122.65 crore, Bharti Airtel shot about Rs 18,699 crore, and Vodafone Idea bought diapason worth Rs 1,993.40 crore. 


This time, a aggregate of 72 GHz( gigahertz) of radiowaves worth at least Rs4.3 lakh crore was put on the block. The transaction was held for diapason in colorful low( 600 MHz, 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz, 2500 MHz), medial( 3300 MHz) and high( 26 GHz) frequence bands. 

 

In addition to powering ultra-low quiescence connections, which allow downloading full- length high- quality videotape or movie to a mobile device in a matter of seconds( indeed in crowded areas), Fifth Generation or 5G would enable results similar ase-health, connected vehicles, more- immersive stoked reality and metaverse gests , life- saving use cases, and advanced mobile pall gaming among others. 


The transaction garnered flings worth Rs 1.45 lakh crore on the first day on July 26, with posterior days seeing only borderline incremental demand in some circles.