NEW DELHI: India’s biggest ever auction of spectrum used for mobile signal transmission saw bids of Rs 1.45 lakh crore for 5G waves from groups led by Mr. executive boss Mukesh AmbaniSunil Bharti Mittal and Gautam Adani on the first day on Tuesday.
All four applicants – Ambani’s Reliance JioBharti Airtel of Mittal, Vodafone-Idea and a company of the Adani group have “actively” participated in the auction of 5G spectrum, which offers ultra-high speeds (about 10 times faster than 4G), seamless connectivity lag and can allow billions of people to connect. devices to share data in real time.
Tenders have also been received for the 700 MHz band, Minister of Telecommunications Ashwini Vaishnaw told reporters.
The government received bids of more than Rs 1.45 lakh crore on the first day of bidding, exceeding all expectations and beating the 2015 record, he said.
According to the process, it will not be known until the end which company has packaged how many broadcasts.
Four rounds of bidding were held on the day of the sale, with interest from mid- and high-end bands. The 3300 MHz and 26 GHz bands attract strong bids.
The telecoms minister described the four contractors’ involvement as ‘strong’.
He added that the auction has seen healthy participation and the response shows the industry has moved on from tough times.
The government will allocate spectrum in record time, he said, and 5G services are expected to begin rolling out in September.
The goal is to distribute the spectrum by August 14, he said.
In addition to powering ultra-low-latency connections, allowing full-length high-quality video or movies to be downloaded to mobile devices in seconds (even in crowded areas), Fifth generation or 5G will enable solutions such as e-health, connected vehicles, richer augmented and hyper-diverse experiences, life-saving use cases, and games. advanced mobile cloud play among others.
Auctions are being held for spectrum in multiple low (600 MHz, 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz), medium (3300 MHz) and high (26 GHz) bands. .
The auction will continue on Wednesday.
All four applicants – Ambani’s Reliance JioBharti Airtel of Mittal, Vodafone-Idea and a company of the Adani group have “actively” participated in the auction of 5G spectrum, which offers ultra-high speeds (about 10 times faster than 4G), seamless connectivity lag and can allow billions of people to connect. devices to share data in real time.
Tenders have also been received for the 700 MHz band, Minister of Telecommunications Ashwini Vaishnaw told reporters.
The government received bids of more than Rs 1.45 lakh crore on the first day of bidding, exceeding all expectations and beating the 2015 record, he said.
According to the process, it will not be known until the end which company has packaged how many broadcasts.
Four rounds of bidding were held on the day of the sale, with interest from mid- and high-end bands. The 3300 MHz and 26 GHz bands attract strong bids.
The telecoms minister described the four contractors’ involvement as ‘strong’.
He added that the auction has seen healthy participation and the response shows the industry has moved on from tough times.
The government will allocate spectrum in record time, he said, and 5G services are expected to begin rolling out in September.
The goal is to distribute the spectrum by August 14, he said.
In addition to powering ultra-low-latency connections, allowing full-length high-quality video or movies to be downloaded to mobile devices in seconds (even in crowded areas), Fifth generation or 5G will enable solutions such as e-health, connected vehicles, richer augmented and hyper-diverse experiences, life-saving use cases, and games. advanced mobile cloud play among others.
Auctions are being held for spectrum in multiple low (600 MHz, 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz), medium (3300 MHz) and high (26 GHz) bands. .
The auction will continue on Wednesday.
