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5G Spectrum Auction Ends With Record Bids Of Over 1.5 Lakh Crore: 10 Points

(*10*)5G Spectrum Auction: Reliance Jio was the highest bidder to the airwaves.

New Delhi:
India’s greatest ever public sale of airwaves ended as we speak, with a file of over Rs 1.5 lakh crore value of spectrum being bought, According information company Press Trust of India. Mukesh Ambani’s Jio emerged as the highest bidder to consolidate its management place.

Here is your 10-point information to this large story:

  1. The provisional determine for the sale proceeds is Rs 1,50,173 crore and the ultimate numbers are being tallied, in keeping with experiences.

  2. The public sale stretched into seven days and ended this afternoon.

  3. The mop-up from the 5G spectrum, able to providing ultra-high velocity cell web connectivity, is nearly double at Rs 77,815 crore value 4G airwaves bought final 12 months and triple of Rs 50,968.37 crore garnered from a 3G public sale in 2010.

  4. Reliance Jio was the highest bidder to the airwaves able to providing speeds about 10 occasions sooner than 4G, lag-free connectivity, and may allow billions of linked gadgets to share knowledge in real-time. 

  5. It was adopted by Bharti Airtel and Vodafone Idea Ltd.

  6. New entrant Adani group is claimed to have purchased 26 Mhz spectrum for organising a non-public telecom community.

  7. Both Bharti and Jio have probably constructed a pan-India spectrum footprint for 5G, with Vodafone Idea’s selective participation.

  8. The authorities had placed on provide spectrum in 10 bands however obtained no bids for airwaves in 600 MHz, 800 MHz and 2300 MHz bands. 

  9. About two-thirds of the bids have been for the 5G bands (3300 Mhz and 26 GHz), whereas greater than 1 / 4 of the demand got here within the 700 Mhz band – a band that had gone unsold within the earlier two auctions (2016 and 2021).

  10. The public sale garnered bids value Rs 1.45 lakh crore on the primary day on July 26, with subsequent days seeing solely marginal incremental demand in some circles. 

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