A PTI article states that during the first 5G spectrum auction in India, which lasted seven days and 40 rounds, the government received offers totaling Rs. 1,50,173 core.
The total is being added up. The pre-bid projections of Rs. 85,000 crore were greatly exceeded. The auction participants included Reliance Jio, Bharti Airtel Ltd, Vodafone Idea, and Adani Enterprises Ltd.
5G spectrum auction concludes; provisional sale of airwaves at Rs 1,50,173 cr: Sources
— Press Trust of India (@PTI_News) August 1, 2022
A total of 72097.85 MHz of spectrum with a 20-year validity period in a variety of Low (600 MHz, 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, and 2300 MHz), Mid (3300 MHz), and High (26 GHz) frequency bands was placed up for auction.
The basic price for 1800 MHz airwaves in the important Uttar Pradesh (East) market was Rs. 91 crore per MHz, but it increased to Rs. 160.57 crore, which was 76.45% more expensive. After the base price was increased, the 700 MHz spectrum that remained unsold in the previous two auctions was eventually sold in this auction.
Ashwini Vaishnaw (Union Minister for Communications, Electronics, and Information Technology), stated last week that the government will distribute the spectrum in August following the conclusion of the auction, and that the rollout of 5G is anticipated by October.
Later today, the winners should be announced in several circles by the Department of Telecom (DoT).
