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

Lakshya Sen: The first match was canceled but she did not accept defeat, now by reaching the semi-finals she has raised hopes of a medal in the Olympics

India's young shuttler Lakshya Sen reached the men's singles semi-finals on Friday. He has become

Where was Kareena during the knife attack on Saif Ali Khan? Fans were shocked to see the pictures of the party.

The information about the attack on Saif Ali Khan has shocked everyone. Late night, the thief bro

Har Ghar Tiranga: Upload a selfie with tricolor here, PM Modi urged, know-how

The country is going to celebrate its 77th Independence Day on the 15th of August. All preparatio

Biden staggered for the fourth time while climbing the stairs of the plane: US President handled himself by holding the side railing

A video of US President Joe Biden is going viral on social media. In this video, Biden is seen st

Threat of virus 'attack' on India from Pakistan: Polio spread in the neighborhood, risk more in Rajasthan; 4 times more dangerous than corona

When the whole world was busy controlling the coronavirus, in the meantime his attention was dive

Russia Ukraine Conflict: Russia is ready to negotiate with Ukraine - Putin

The war between Russia and Ukraine continues unabated. Russia is continuously attacking Ukraine.

PM Modi: PM Modi will inaugurate the new Indian Consulate in France today, know what will be the full program.

Today is the third day of Prime Minister Narendra Modi's visit to France. Today PM Modi will be i

MahaKumbh 2025: Companies spent five thousand crores on brand and promotion, the price increased four times compared to the last Kumbh

Companies spend money lavishly to make their brands reach the millions of people who come to take

President Draupadi Murmu: 'Moral education should be included in the curriculum'- President Draupadi Murmu

During his visit to Telangana, President Draupadi Murmu on Tuesday said that children should be g

Subvariant of Omicron: How dangerous is this new variant of Omicron in India? Why did scientists warn

Subvariant of Omicron in India: Subvariant of Omicron in the country BF-7 and BM-5, 1, 7 have als

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