Till now the strongest bid was being seen for Uttar Pradesh East Circle. In every round of the last 5 days, companies had pushed for this circle. This bid is for 1800 MHz.
5G spectrum auction: Auction of 5G spectrum continues (Indicative Image)
The auction of 5G spectrum continues for the sixth day on Sunday. In this, mobile companies have been bidding for ultra high speed internet for the last six days. In the last five days, the government has received bids worth Rs 1,49,966. spectrum Four major companies of the country are participating in the auction of Reliance Jio, Bharti Airtel, Vodafone Idea and Adani Enterprises. Bids were started with the 31st round on Sunday and it is on till the filing of this report.
Till now the strongest bid was being seen for Uttar Pradesh East Circle. In every round of the last 5 days, companies had pushed for this circle. This bid is for 1800 MHz. On the sixth day, there is a softening of bids for this airwaves. This shows that the auction process is now in its final stages and it can be announced anytime.
What did the Telecom Minister say
On Saturday, the auction of telecom spectrum reached around Rs 1.5 lakh crore. Regarding this, Telecom Minister Ashwini Vaishnav said that it is clear from the 5G auction that the telecom industry wants to move forward. Now this industry has come out of troubles and has entered the growth phase. The results of the auction have been very good and till now companies have placed bids worth Rs 1,49,966 crore for spectrum purchase. The Telecom Minister said that the good response to the auction indicates the maturity in the telecom industry.
Benefits of 5G service
Mukesh Ambani’s Reliance Jio, Sunil Mittal’s Bharti Airtel, Vodafone Idea and Gautam Adani’s Adani Enterprises are participating in the 5G spectrum auction. 5G spectrum is being claimed to get 10 times faster internet than 4G. It is also claimed that there will be no interruption in connectivity and billions of devices will get the facility of data sharing in real time. Even in crowded areas, an entire movie can be downloaded in a fraction of a second. Apart from health facilities, mobile cloud gaming will be of full help.
How much did you earn on Saturday
On Saturday, Rs 111-112 crore came to the government’s account from the bids. Due to this, the earning which was Rs 1,49,855 crore on Friday reached Rs 1,49,966 crore. In this, Reliance Jio and Bharti Airtel made major bids. Spectrum demand for the Uttar Pradesh East circle has seen a decline on Saturday, while it has remained very strong in the last 5 days. Initially there was a demand for 75 blocks in this circle whereas the supply was only for 54 blocks. On Saturday, this demand came down to 50 blocks, which is 4 less than the supply.
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