Tech & Science

All about 5G spectrum auction: Jio leads the 5G spectrum auction with a bid of Rs 88,078 crores, as around 71% of the spectrum sold

Aug 2, 2022 | 12:03 AM
Jatin

After seven days of ferocious bidding from leading industry heavyweights like Reliance Jio, Bharti Airtel, and Adani Enterprises, the 5G spectrum auction—the first of its kind in India—finally came to an end on Monday. This auction is particularly significant since it would pave the way for Indian operators’ anticipated September introduction of 5G services. Here are issues to consider regarding the 5G Spectrum Auction as Electronics & Information Technology Minister Ashwini Vaishnaw outlined the key lessons from the bidding rounds.

5G Spectrum Auction: As it happened

  1. According to Vaishnaw, 71 percent of the whole spectrum that was bid has been sold. The total amount of spectrum up for auction was 72,098MHz. 51,236MHz of that have been sold in this round of bidding.During the auction.
    2. Reliance Jio, Bharti Airtel, Vi (Vodafone Idea), and Adani Data Networks all submitted bids.
  1. The total bid amount received by the government was Rs. 1,50,173 crores.
  2. With a total bid of Rs 88,078 crores, Jio took the lead. With Rs 43,084 crores, Airtel came in second. With Rs 18,799 crores, Vi (Vodafone Idea) came in third place. Adani Data Networks placed the final offer, for Rs 212 crores.
  3. In the 26 GHz, 3,300 MHz, 1,800 MHz, 800 MHz, and 700 MHz frequency bands, Jio was awarded a 24,470 MHz quantum of spectrum.
  1. Airtel was awarded a 19,867MHz spectrum quantum that included 26GHz, 3,300MHz, 2,100MHz, 1,800MHz, and 900MHz.
  2. Vi received a 6,228MHz spectrum quantum in the following frequencies: 26 GHz, 3,300 MHz, 2,500 MHz, 2,100 MHz, and 1,800 MHz.
  3. Adani Data Networks was awarded a 400MHz quantum of spectrum in the 26GHz band alone.
  4. The sum bid in the 5G Auction was double that of the 4G Spectrum Auction from the previous year (Rs 77,815 crores). Additionally, the 5G sum is three times higher than the 3G auction bid in 2010, (Rs 50,968.37 crores).
  5. On the first day of the auction, July 26, around Rs 1.45 lakh crore of the total amount was already bid.

Featured Image: Flickr.com

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