Auction of 5G spectrum completed, on the seventh day 1.5 lakh crores came to the government

The spectrum auction ended on the seventh day and the government has earned Rs 1,50,173 crore from it. This income has come from the sale of spectrum. That is, the government has sold spectrum worth more than Rs 1.5 lakh crore to mobile companies.

5G Service: 5G spectrum auction complete (Indicative Image-PTI)

of 5G spectrum auction (5G Spectrum Auction) ended on the seventh day. Along with this, Rs 1.5 lakh crore came from spectrum sale in the government’s bag. This amount is more than expected because the government had not anticipated this record earning. Although the official announcement of the auction is yet to be made by the government and this news has come out only by quoting sources. The spectrum auction ended on the seventh day and the government has earned Rs 1,50,173 crore from it. This income has come from the sale of spectrum. That is, the government has sold spectrum worth more than Rs 1.5 lakh crore to mobile companies.

A total of 40 rounds of spectrum auctions took place in these 7 days, in which telecom companies made loud bids. The government has earned an income of Rs 1.5 lakh crore. This earning of the government is more than its estimate. At the same time, record earnings were recorded this time even more than last year’s bids. The government was estimated to have an income of 80000 crores. After the completion of the bids, the companies now have to pay the amount within 10 days.

read this also



Spectrum allotment before August 15

The bidding mobile companies have to pay an amount of Rs 7500 crore. After this, the government will allot spectrum to the companies before August 15. Companies can start 5G services by September-October. Companies that bid for the spectrum auction include Mukesh Ambani’s Reliance Jio, Sunil Mittal’s Bharti Airtel, Vodafone Idea and Gautam Adani’s Adani Enterprises.(News updating)