India sees 5G spectrum bids worth Rs 1,49,855 crore
The bids for 5G spectrum are being led by Reliance Jio, followed by Bharti Airtel, Vodafone-Idea and a Gautam Adani company
Parul July 30, 2022
MORE IN News
RBI regulations for payment aggregators to ensure transparency in operations
Semiconductor chips driving innovation in tech, healthcare & other industries: Report
RBI issues draft guidelines on payment aggregators
IMF increases India’s growth projection to 6.8% for 2024
Apple aims at assembling iPhone camera module in India to cut dependence on China
The 5G spectrum auction saw bids worth Rs 1,49,855 crore after 23 rounds on Friday, with the government saying the bids will continue today as well.
The bids for 5G airwaves are being led by Reliance Jio, followed by Bharti Airtel, Vodafone-Idea and a Gautam Adani company.
According to Union IT Minister Ashwini Vaishnaw, the cumulative bid on Day 3 (Thursday) had reached Rs 1,49,623 crore.
Vaishnaw said that the ongoing 5G spectrum auction indicates that the country’s telecom industry has come a long way in 5G advancements.
He said that the industry has emerged to become a sunrise industry in India and a benchmark for the world.
As India prepares for the 5G era, the installed base of smartphones with 5G capabilities crossed 5 crore in the country, according to Counterpoint Research.