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Rs 1.49 Lakh Crore Bids So far: Minister


So far, bids worth Rs 1.49 lakh crore have been placed in the 5G spectrum auction.

India’s largest spectrum auction for 72 gigahertz (GHz) of 5G waves worth Rs 4.3 lakh crore continues on day two.

Here’s your 5-point guide to storytelling:

  1. Telecom Minister Ashwini Vishnu has said that in nine rounds of bidding for the 5G spectrum auction, bids worth Rs 1,49,454 crore have been received so far.

  2. The minister said the auction will continue on day three and will also continue on Thursday.

  3. Day two of the 5G auction – which will usher in new-era deals and business models and enable speeds almost ten times faster than 4G – started at 1000 (10 a.m.) and ended at 1800 hours. at 18 hours). ) with nine rounds.

  4. Four rounds of auctions were completed on the first day on Tuesday, with bids from groups led by Mukesh Ambani, Sunil Bharti Mittal and Gautam Adani and Vodafone Idea raising more than Rs 1.45 for 5G airwaves on Tuesday. The days are over.

  5. Although the number of days the auction will ultimately depend on radio wave demand and the strategy of individual bidders, the broad industry consensus was that it would end today, but continue until tomorrow. Reliance Jio is expected to lead in spending, followed by Bharti Airtel, while analysts see limited participation from Vodafone Idea and Adani Group.

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