Fifth generation (5G) telecom service is likely to roll out in India by October this year as the government on Monday successfully completed spectrum auction worth over Rs 1.50 lakh crore in bids from four companies including Reliance Jio, Bharti Airtel, Vodafone Idea. did. and Adani Data Network. Addressing a media briefing after the bidding for 5G spectrum ended, Union Minister for Communications, Electronics and Information Technology Ashwini Vaishnav said that out of the total 72,098 MHz spectrum on offer, 51,236 MHz or about 71 per cent of the spectrum has been sold. auction.
A total of 40 rounds of bidding were done in the last seven days. The total value of the bid is Rs 1,50,173 crore.
Speaking to ANI, Vaishnav said that spectrum will be allotted to successful bidders by August 10 and 5G services are likely to start in the country by October this year.
“The auction has been completed and in the next few days by August 10, all the formalities including approval and allotment of spectrum will be completed,” he said.
“It seems that we will be able to launch 5G in the country by October. The ongoing 5G spectrum auction indicates that the country’s telecom industry has come a long way in 5G progress,” the minister said.
Vaishnav said that better availability of spectrum will improve the quality of telecom services in the country.
Reliance Jio has bid Rs 88,078 crore for 58.65 per cent of the total value of Rs 1,50,173 crore received by the government in the 5G spectrum auction.
Jio has bid to acquire 24,740MHz spectrum in 700MHz, 800MHz, 1,800MHz, 3,300MHz and 26GHz.
Bharti Airtel has bid for Rs 43,084 crore to acquire 19867.8MHz spectrum in the 900MHz, 1800MHz, 2100MHz, 3300MHz and 26GHz frequency bands.
Vodafone Idea Limited has bid for Rs 18,799 crore to acquire 6,228MHz spectrum in 1,800MHz, 2,100MHz, 2,500MHz, 3,300MHz and 26GHz.
Four companies are in the fray for 5G auction. Adani Data Networks has bid for Rs 212 crore to acquire 400MHz spectrum in the 26GHz frequency band.
Reliance Jio has bid to acquire 24,740MHz spectrum in 700MHz, 800MHz, 1,800MHz, 3,300MHz and 26GHz.
Responding to the auction results, Akash M Ambani, Chairman, Reliance Jio Infocomm, said: “We have always believed that India will become a major economic power in the world by embracing the power of breakthrough technologies. It was this vision and conviction that led to gave us the birth of Jio. The speed, scale and social impact of Jio’s 4G rollout is unmatched anywhere in the world. Now, with a bigger ambition and stronger resolve, Jio is ready to lead India’s march into the 5G era “
“We will celebrate the ‘Azadi Ka Amrit Mahotsav’ with a pan-India 5G rollout. Jio is committed to offering world-class, affordable 5G and 5G-enabled services. We will provide services, platforms and solutions that will drive India’s digital revolution.” particularly in critical sectors such as education, healthcare, agriculture, manufacturing and e-governance,” Ambani said in a statement.
Bharti Airtel has bid Rs 43,084 crore to acquire 19867.8MHz spectrum in the 900MHz, 1,800MHz, 2,100MHz, 3,300MHz and 26GHz frequency bands in the 5G spectrum auction that concluded on Monday.
Bharti Airtel is the second highest bidder in the 5G spectrum auction. Reliance Jio is the largest bidder with 58.65 per cent of the total value of Rs 1,50,173 crore.
Gopal Vittal, Managing Director and CEO of Bharti Airtel said in a statement.
“This will allow us to raise the bar on innovation and meet the evolving needs of every discerning customer seeking the best experience in India. We are confident that we will be able to deliver the best 5G experience in India in terms of coverage, speed . and latency,” he said.
Vittal said the new spectrum acquired through the auction will allow Bharti Airtel to change the norms established for both B2C and B2B customers.
“5G technology is the revolution that can transform India’s manufacturing, services and many other sectors. We are fully committed to the Digital India vision of the government and to ensure that India is a world leader in technology. Be a lighthouse, he will continue to do so,” Vitthal said.