5G spectrum sale nears Rs 1.50 lakh crore mark on Day 5; bidding to resume on Sunday
Business | July 30, 2022 23:08 ISTThe reserve price fixed for the spectrum is a fair number and the same is visible from the auction outcome.
The reserve price fixed for the spectrum is a fair number and the same is visible from the auction outcome.
5G spectrum auction: About 71 per cent of the total spectrum put on the block has been provisionally sold, Telecom Minister Ashwini Vaishnaw said. "This is a very good response," Vaishnaw said. Seven rounds of bidding took place and incrementally Rs 231.6 crore came in on Friday."
The auction is being held for spectrum in various low (600 MHz, 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz), mid (3300 MHz) and high (26 GHz) frequency bands.
Telecom giant Bharti Airtel bid Rs 18,699 crore to pick up 355.45 megahertz (MHz) out of the 855.60 MHz of radiofrequency, giving it "most formidable" spectrum holding in the country.
Jio - which emerged as the top buyer picking up spectrum for Rs 57,122.65 crore in the auctions - said it has well-balanced spectrum for services and future upgradation to 5G technology.
Spectrum auction in India began on Monday, with 2,251.25 megahertz (MHz) radiowaves valued at Rs 3.92 lakh crore up for bidding.
This round of auction will be held for 2,251.25 Megahertz (MHz) in seven frequency bands -- 700 Mhz, 800 Mhz, 900 Mhz, 1800 Mhz 2100 Mhz, 2300 Mhz and 2500 Mhz -- at a cumulative base price of Rs 3.92 lakh crore.
Bidding for the sixth round of spectrum auction for radiowaves worth Rs 3.92 lakh crore will start from March 1, according to a notice issued by the government on Wednesday.
The Department of Telecom is expected to issue the notice for upcoming spectrum auction this week that will have timelines and rules to bid for airwaves.
5G technology trials, policy on experimentation and trial spectrum for technologies in June, will top the agenda of the Union Telecom Ministry over the next three months once the new government takes over.
Telecom spectrum auction ended today with bids worth Rs 65,789 crore over the last five days, around 40 per cent of mobile radiowaves put up for sale
Spectrum auction appeared to slow down on second day of the bidding with no takers in sight for the premium 700 Mhz and 900 Mhz bands but total bids advanced to Rs 56,872 crore
India's biggest auction of telecom spectrum kicked off today morning with seven operators in fray for a total of 2,354.55 MHz across seven bands, towards which a reserve price of Rs 5.66 lakh crore ($85
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New Delhi: Trust an ex-telecom minister who is also a legal eagle -- an attribute he shares with current incumbent Ravi Shankar Prasad -- to point out a "crucial flaw" in the on-going spectrum auctions.Kapil
New Delhi: Government's kitty from the telecom spectrum auction today rose to Rs 1.09 lakh crore with the provisional allocation of 89 per cent radiowaves made at the end of the 18th day.The amount of
New Delhi: The government received commitments of Rs 107,000 crore from telecom operators at the end of bidding on Saturday, the 16th day of radio frequency spectrum e-auctions."The bidding is taking place in all bands.
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