After a flying start on Tuesday that saw players pouring in Rs 1.45 lakh crore on the first day, the numbers have inched up incrementally since Wednesday, with players such as Jio and Airtel locked in intense bidding in Uttar Pradesh East circle for 1800 MHz band. Up until Friday, about 71 per cent of the total spectrum put on the block had been provisionally sold.
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The reserve price fixed for spectrum is a "fair number" and the same is visible from the auction outcome, the minister had asserted.īillionaire Mukesh Ambani's Reliance Jio, Sunil Mittal-led Bharti Airtel, Vodafone Idea and a unit of billionaire Gautam Adani's flagship Adani Enterprises are in the race to bid for the 5G spectrum, which offers speeds about 10 times faster than 4G, lag-free connectivity and can enable billions of connected devices to share data in real-time.īesides powering ultra-low latency connections, which allow downloading full-length high-quality video or movie to a mobile device in a matter of seconds (even in crowded areas), the Fifth Generation or 5G would enable solutions such as e-health, connected vehicles, more-immersive augmented reality and metaverse experiences, life-saving use cases, and advanced mobile cloud gaming, among others. Telecom Minister Ashwini Vaishnaw had earlier said the 5G auction underscored that industry wants to expand and had entered a growth phase. The 2022 auction timelines would depend on how the bidding progresses through the day, and if any player relents. Pharma Industry Conclave Unlocking opportunities in Metal and MiningĪll the three private operators are said to be keen on topping up their holdings in this band in UP East, as radiowaves in 900 MHz band are not available.Interview Series Business In The Week Ahead.