tenth Round of Bidding Underway


Last Updated: July 28, 2022, 17:07 IST

5G spectrum auctions began on Tuesday, July 26.

5G spectrum auctions started on Tuesday, July 26.

India’s 5G spectrum auctions entered Day 3 on Thursday with tenth spherical of bidding for airwaves that may energy lag-free connectivity and ultrahigh pace web.

New Delhi: India’ 5G spectrum auctions entered Day 3 on Thursday with tenth spherical of bidding for airwaves that may energy lag-free connectivity and ultra-high pace web. On Wednesday, the auctions garnered Rs 1.49 lakh crore as aggressive bidding throughout a number of bands by gamers like Reliance Jio and Bharti Airtel sustained the tempo, and pushed the sale over to the third day.

As many as 5 rounds of bidding have been performed on Wednesday, and Telecom Minister Ashwini Vaishnaw mentioned “good competition” was seen in nearly all bands on supply. Vaishnaw expressed happiness on the response obtained for the coveted 700 MHz band, which didn’t discover any takers within the final two auctions held in 2016 and 2021.

“The sector is coming with new energy and that is reflected in response to 5G auctions,” Vaishnaw instructed reporters on Wednesday. Firms run by tycoons Mukesh Ambani, Sunil Bharti Mittal and Gautam Adani in addition to Vodafone Idea had put in bids price Rs 1.45 lakh crore on the opening day on Tuesday when 4 rounds have been held, and incremental demand for airwaves got here in 5 rounds held on Wednesday.

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