August 8, 2022
Reliance Jio top bidder in 5G spectrum auction, DoT gets bids worth Rs 1.5 lakh crore

5G telecom spectrum worth over Rs 1.5 lakh crore was sold in a seven-day auction that ended on Monday, with billionaire Mukesh Ambani’s Jio emerging as the top bidder to consolidate its leadership position. Sources with direct knowledge of the matter said that the provisional data puts the total bids at Rs. 1,50,173 crores.

The mop-up from 5G spectrum, capable of offering ultra-high speed mobile internet connectivity, is almost double at Rs. Last year, 4G airwaves worth Rs 77,815 crore were sold and tripled to Rs. In 2010, Rs 50,968.37 crore was raised through 3G auctions.

Reliance Jio was the top bidder for airwaves capable of offering nearly 10 times faster speeds, lag-free connectivity than 4G, and could enable billions of connected devices to share data in real time. It was followed by Bharti Airtel and Vodafone Idea.

Newly entrant Adani Group is said to have bought 26 MHz of spectrum to set up a private telecom network.

Sources said the details of which company bought the spectrum will be known only after the auction data is fully compiled.

With select participation from Vodafone Idea, both Bharti and Jio are likely to create a pan-India spectrum footprint for 5G.

The government had offered spectrum in 10 bands but no bids were received for airwaves in the 600 MHz, 800 MHz and 2300 MHz bands. About two-thirds of the bids were for the 5G band (3300 MHz and 26 GHz), while more than a quarter of the demand came in the 700 MHz band – a band that went unsold in the last two auctions (2016 and 2021). ,

In the auction held last year – which lasted for two days – Reliance Jio bought Rs. 57,122.65 crore, Bharti Airtel has made approx Rs. 18,699 crore, and Vodafone Idea Rs. bought spectrum. 1,993.40 crore.

This year, a total of 72 gigahertz (gigahertz) radio waves will generate at least Rs. Rs 4.3 lakh crore was put on the block. The auction was conducted for spectrum in various low (600 MHz, 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz, 2500 MHz), mid (3300 MHz) and high (26 GHz) frequency bands .

In addition to powering ultra-low latency connections that allow full-length high-quality video or movie downloads to mobile devices in seconds (even in crowded areas), Fifth Generation or 5G e-Health will enable solutions. , connected vehicles, more immersive Augmented Reality and Metaverse experiences, life-saving use cases, and advanced mobile cloud gaming among others.

Bids worth crores of rupees were received in the auction. 1.45 lakh crore on the first day on July 26, the subsequent days saw only marginal incremental demand in some circles.

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