10th betting round in progress
Last update: July 28, 2022, 5:07 PM IST
New Delhi: India’s 5G spectrum auction entered its third day on Thursday, entering the tenth round of bidding for the airwaves that will provide lag-free connectivity and super-fast internet. The auction on Wednesday fetched Rs 1.49 lakh crore in the form of aggressive bids on multiple groups by players like Reliance Jio and Bharti Airtel, pushing sales into day three.
About five bidding rounds took place on Wednesday and Telecoms Minister Ashwini Vishnu said “good competition” was seen in almost all the bands on offer. Vishnu said he was happy with the response received for the coveted 700 MHz band, which found no buyers in the last two auctions held in 2016 and 2021.
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“The sector is finding new energy and this is reflected in the response to the 5G auction,” Vishnu told reporters on Wednesday. Firms led by Mukesh Ambani, Sunil Bharti Mittal and Gautam Adani along with Vodafone Idea had submitted bids worth Rs 1.45 lakh crore on the opening day on Tuesday, when four rounds were completed, and five in because of the increasing demand for waves. in the circle. Wednesday.
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