India's first 5G spectrum auction came to an end on Monday after 40 rounds of intense bidding. Reliance Jio emerged as the top bidder with bids worth Rs. 88,078 crore, followed by Bharti Airtel, Vodafone Idea, and Adani Data Networks. #5GSpectrumAuction
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The 5G auction continued for a week due to intense bidding for the 1,800MHz spectrum in the UP (East) circle. The Centre managed to earn its highest ever revenue from spectrum auctions because of the costly 700MHz band.
Suitable for data networks and coverage in high-density areas, it garnered the second highest amount of total bids, at a value of Rs. 39,720 crore.
The spectrum sale generated revenue worth Rs. 1,50,173 crore. This is much higher than the Rs. 80,000-1 lakh crore figure expected by stakeholders including investors, according to Telecom Minister #AshwiniVaishnaw.
Jio bought 24.7GHz of 5G airwaves for Rs. 88,078cr. These include frequencies in the costly 700MHz band, in addition to 800MHz, 1,800MHz, 3,300MHz & 26GHz. The company won 10MHz of the 1,800MHz band in UP (East) circle, by paying Rs. 1,646cr after an intense fight with Airtel.
Bharti Airtel paid Rs. 43,084 crore to purchase 19.8GHz of spectrum in frequencies like 900MHz, 1,800MHz, 2,100MHz, 3,300MHz, and 26GHz. Vodafone Idea spent Rs. 18,799 crore on 6,228MHz of airwaves in the 1,800MHz, 2.100MHz, 2,500MHz, 3,300MHz and 26GHz frequencies.
In India, the government put up the 5G spectrum for auction in several frequency bands. They include the low (600MHz, 700MHz, 800MHz, 900MHz, 1,800MHz, 2,100MHz, 2,300MHz, and 2,500MHz), mid (3,300MHz), and high (26GHz).
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