5G Spectrum Auction: Auction of 5G spectrum begins, Ambani and Adani companies face to face


Posted on 26th Jul 2022 03:00 pm by rohit kumar

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.

 

Also Read: 5G Promises 100 Mbps Speed: Even if you get half, 4 times than 4G… but 700% less than South Korea's 432 Mbps

1 Like 0 Dislike
Previous news Next news
Other news

During Congress' Bharat Jodo Yatra, instead of the national anthem, another song started playing, and people started looking at each other

During the Bharat Jodo Yatra of the Congress, a strange situation arose on Wednesday night when a

People on the streets against the strict lockdown in China: demonstrations in 13 cities; Leave Jinping throne, unlock China slogans raised

People have come on the road against the zero covid policy in China. These demonstrations, which

India-China: Foreign Minister Jaishankar met their Chinese counterpart amidst tension on the border, discussed these issues

The ongoing tension between India and China is not hidden from anyone. India has shown the mirror

Samsung: The company is soon bringing a flagship phone with 200MP camera sensor, Galaxy S23 Ultra

Samsung Galaxy S23 Ultra Camera: Tech company Samsung is preparing to launch its new smartphone G

Kargil War: 'Bahadur' used to rain fire from the sky in war and Pakistan used to tremble, used to say 'witch' out of fear

Along with the Army, the Air Force had also made an unprecedented contribution in defeating Pakis

Two killed in heavy rain in Chennai: Record rain recorded in a single day after 30 years; Schools closed in 7 districts

Record rains lashed Chennai and its adjoining areas on Tuesday, leading to a flood-like situation

Delhi Liquor Scam: A case will be filed against Kejriwal and Sisodia in a money laundering case, ED gets approval from the Home Ministry

Amid the Delhi Assembly elections, the troubles of Aam Aadmi Party convener Arvind Kejriwal and f

PM Modi Jammu Visit: 'The wonder of Lotus... Modi's guarantee, the unfulfilled dream of 70 years will now be fulfilled'; PM Modi promised Jammu and Kashmir

Prime Minister Narendra Modi addressed a huge rally at Maulana Azad Stadium in Jammu (PM Modi Jam

UNSC Meeting: Two-day UNSC anti-terrorism meeting will be held in India, these important issues will be discussed

India is set to host a two-day counter-terrorism meeting of the United Nations Security Council (

Earthquake: Earthquake tremors in Afghanistan, 11 killed in Pakistan, more than 100 injured; Earth trembled in China too

Strong tremors of earthquakes were felt in Afghanistan. Along with this, the earth kept shaking f

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash