The online auction process for the 5G spectrum in the country has started today. Four companies including Reliance Jio, Bharti Airtel, Vodafone Idea, and Adani will be involved in this auction process. During this period, bidding for a 72 GHz spectrum worth Rs 4.3 lakh crore will take place. The bidding process began at 10 am on Tuesday and will continue till 6 pm.
5G spectrum auction process may continue for two days
According to DoT sources, the time taken for the auction process will depend on the bids to be taken for the 5G spectrum and the strategy of the bidders. According to experts, the auction process can continue for two days. During the auction of the 5G spectrum, along with existing telecom service providers Reliance Jio, Bharti Airtel, and Vodafone Idea, Gautam Adani's company Adani Enterprises, which entered the telecom sector for the first time, will also bid.
Department of Telecom is estimated to get revenue of one lakh crore rupees
The Department of Telecommunications is expected to get revenue in the range of Rs 70,000 crore to Rs 1,00,000 crore from the auction of the 5G spectrum being held for the first time in the country. After the completion of the 5G spectrum auction process, the way for 5G services to start in the country will be cleared. According to experts, after the auction of the spectrum, 5G services can start in the country by the end of this year. According to technical experts, 5G services will be up to ten times faster than the current 4G services in the country. After the commercial launch of the 5G service, the internet user experience in the country will change to a great extent. In the field of health services, a new revolution is expected with the introduction of 5G services.
Reliance Jio, Adani Enterprises, and Airtel will compete for 5G
During the auction of the 5G spectrum, there can be competition between Reliance Jio and Airtel. Both the companies have claimed that they will be the leader in bringing 5G services to the masses. It is expected that Jio can bid big during the auction. Airtel too would like to leave no stone unturned to be ahead in this competition. At the same time, limited bidding is expected from Vodafone-Idea and Adani Enterprises during the auction. Market experts believe that aggressive bidding during the 5G spectrum auction is unlikely as there are only four players in the fray.
Reliance Jio deposits Rs 14,000 crore ahead of the auction
Before the auction of the 5G spectrum, Reliance Jio deposited an amount of Rs 14,000 crore with the Department of Telecommunications under the auction process. At the same time, an amount of Rs 100 crore has been deposited by Adani Enterprises. Today, given the auction of the 5G spectrum, there is a lot of excitement at Sanchar Bhawan in New Delhi.
US: India is playing an 'important role' globally, officials gave statement before PM Modi's US visit
America is ready to welcome Indian Prime Minister Narendra Modi. Meanwhile, President Joe Biden's top official for the Indo-Pacific region said on Tuesday that he hoped that PM Modi's visit would
India vs England in the second semi-final today: Both teams will meet for the third time in the World Cup; Figures in favor of Team India
India will face England today in the second semi-final of the T20 World Cup 2022. India won four out of five matches in the group stage. England has reached the knockout stage after winning three
International Nelson Mandela Day 2023: Today is International Nelson Mandela Day, know the theme, history, and interesting facts
The way father of the nation, Mahatma Gandhi, is respected all over the world, in the same way, Nelson Mandela, the first black president of South Africa, has also been respected. Hence today, his
Cryptocurrency: Green in the NFT market, Bitcoin is up five percent, and Ethereum also up three percent
The cryptocurrency market is showing slight gains. Bitcoin, the world's largest digital token, is trading at $19,088 with a gain of over 5%. According to CoinGecko, the global crypto market cap is
Preity Zinta: Preity Zinta looked sad on the defeat of her team PBKS, but still patted Shreyas Iyer on the back
On Tuesday, the final match of IPL was played between PBKS i.e. Punjab Kings and RCB i.e. Royal Challengers. In this, Preity's team PBKS lost. Saddened by this defeat, Preity's reactions were seen on
Indian Navy gets freedom from the mark of slavery, PM Modi unveils new flag
Indian Navy has finally got freedom from the traces of slavery. Prime Minister Narendra Modi has unveiled the new insignia of the Navy's flag. The cross has been removed from the new Navy flag. Also
India's focus will be on terrorism and peace-building in the United Nations General Assembly, this time External Affairs Minister S Jaishankar will participate
Terrorism, peacekeeping, action on climate change, and equitable distribution of COVID vaccines will be the major focus for India during the UN General Assembly session starting from September 20.
'Will distribute your gold' PM Modi targeted Congress manifesto, Rahul and Owaisi gave this reply
Lok Sabha Election 2024. Prime Minister Narendra Modi targeted the Congress while addressing a rally in Banswara, Rajasthan on Sunday. In this rally, PM Modi said that if Congress comes
Barbie Box Office Day 5: 'Mission Impossible-7' beats Barbie's pace, Tuesday's collection will blow your senses
Barbie Box Office Day 5 Collection: Greta Gerwig's film 'Barbie' is currently setting new records one after the other at the box office. The film was released in theaters on July 21, along with
Salman Khan Home Firing: Big revelation in Salman's home firing case, police searched many bank accounts; This thing came to light
The investigation has started into the accounts of people associated with Vicky Gupta and Sagar Pal, residents of Masahi village of Gaunaha police station, who opened fire at the house of actor Salman
