5G Spectrum Auction: In the auction process, four telcos have bid for spectrum worth Rs 1,50,173 crore, which is much higher than the government’s estimate.
The process of auctioning 5G spectrum ended on Monday. In this auction process, four telecom companies have bid for spectrum worth Rs 1,50,173 crore, which is much higher than the government’s estimate. The auction of 5G spectrum started on July 26, 2022, which lasted for 7 days.
Spectrum allotment before August 15
The bidding mobile companies have to pay an amount of Rs 7500 crore. After this, the government will allot spectrum to the companies before August 15. Companies can start 5G services by September-October. Companies that bid for the spectrum auction include Mukesh Ambani’s Reliance Jio, Sunil Mittal’s Bharti Airtel, Vodafone Idea and Gautam Adani’s Adani Enterprises.
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what did the government say
The UP Eastern circle, which includes Lucknow, Allahabad, Varanasi, Gorakhpur and Kanpur, saw a spurt in bidding for 1800 MHz once again, following moderation in spectrum demand on Saturday. There are more than 10 crore mobile subscribers in the UP Eastern Circle. It is believed that during this period, there was a tough competition for spectrum between companies like Reliance Jio and Bharti Airtel.
Talking about the auction, Telecom Minister Ashwini Vaishnav had said recently that the 5G auction shows that the mobile industry is looking to expand and has entered a growth phase. He said the reserve price fixed for the spectrum is reasonable and it is proved by the auction result.
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what will happen after
After the auction is over, the mobile companies will have to deposit the money for their bids. After this, the government will allot airwaves for which companies have got spectrum. After this the companies will start the service. Mobile companies are already testing it. However, 5G service will not be available in the entire country simultaneously because wherever testing has been done. There this service will start. This list contains the names of 13 major cities of the country. Tariffs etc. will also be announced after that.
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