The nation is all set to enjoy the latest 5G connectivity most likely by October of this month. The 5G Spectrum Auction in India, one of the greatest auctions observed by the nation so far, summed up this Monday with a mopping bid over INR 1.5 lakh crores by prevalent telecom companies in the country. The 5G Spectrum auction list involved the companies like Reliance Jio, Bharti Airtel, Vodafone-Idea, and Adani group firm. A high voltage competition was seen between these companies for the final bid. Amongst the competition, Reliance Jio owned by Mukesh Ambani emerged as the 5G Spectrum Auction winner with a bid of INR 88,078 crores.
5G Spectrum Auction In India – Launch Date And Participation
The 5G Spectrum Auction in India was initiated on 26th July with a starting bid of INR 1.45 lakh crore and witnessed a gradual increase in the marginal bid. The auction started with a slow start with a total of 40 rounds of bidding within a span of a week.
In a conversation with Mr Vaishnav, ANI, the spectrum would be successfully allocated to the rightful winners and the nation will enjoy the benefits of 5G connectivity by October this year.
According to reliable sources, the introduction of this spectrum will not only enhance the quality of the network in the country but also give value progress to telecom services in the country.
5G Spectrum Auction List – Auction Numbers And Bids
With 40 rounds of auction bids, the final bid amount stood at INR 1,50,173 crore at the end of the week-long auction. The 5G Spectrum Auction List of companies included the country’s telecom giants-
- Reliance Jio
- Bharti Airtel
- Adani Data Networks
Various bids were made by the 5G Spectrum Auction list of telecom giants, for different ranges of spectrum frequencies. Jio with the highest bids of INR 88,078 accounted for the acquisition of ranges 700MHz, 800MHz, 1800MHz, 3300MHz and 26GHz in the 24,740 MHz spectrum has become the 5G Spectrum Auction winner.
Bharti Airtel with INR 43,084 crore bid claimed the acquisition of 900MHz, 1800MHz, 2100MHz, 3300MHz, and 26Ghz in the 19867.8MHz spectrum. Vodafone-Idea collaboration had bids of INR 18,799 crore for 1800MHz, 2100MHz, 2500MHz, 3300MHz and 26GHz in the 6,228 MHz spectrum. Adani Data Networks had a bid of INR 212 crore for the acquisition of 26GHz frequency in the 400MHz spectrum band.
Launch Of 5G Connectivity In India – 5G Spectrum Auction Winner
Reliance Jio with the highest bid of INR 88,078 crores emerged as the 5G Spectrum Auction winner surpassing its telecom rival, Bharti Airtel and Vodafone-Idea collaboration. In an interview, Akash Ambani cleared his future vision regarding making the nation a rising economic strength in technology adaptations.
Reliance Jio is all set to break the records of connectivity for a better future. According to sources, the 5G connectivity in India will be available by this October. The 5G Spectrum Auction in India and 5G connectivity availability will be the main centre of attraction in Azadi ka Mahotsav 2022.
The Government’s positive vision of Digital India has been kept in mind during the 5G Spectrum Auction in India. The 5G Spectrum Auction list of telecom companies is all set to bring this vision into reality and provide the nation with global connectivity that ensures speed, safety, and reliability.
Frequently Asked Questions (FAQs)
1. Who won the 5G Spectrum Auction?
The Reliance Jio owned by Mukesh Ambani with the highest bid of INR 88,078 crores was the 5G Spectrum Auction winner, followed by Bharti Airtel, Vodafone-Idea, and Adani Data Networks.
2. What is the 5G Spectrum Auction in India?
5G Spectrum Auction in India, is one of the biggest auctions for connectivity organized by the Indian Government for the 5G connectivity spectrum on 26th July.
3. Which 5G band Jio will use?
Reliance Jio has bid successfully for the acquisition of 700MHz, 800MHz, 1800MHz, 3300MHz, and 26GHz in the 24,740 MHz Spectrum band.
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