Online 5G spectrum auction has started, first round is over, companies not making aggressive bids – Sangri Today

An online auction of 5G spectrum has started today. The first round of bidding is over and now the second round is underway. Telecommunications companies do not enter the tender aggressively. It is expected that most tenders will be for midband and highband spectrum. The 600 MHz, 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz, 2500 MHz, 3300 MHz and 26000 MHz bands are up for auction in today’s auction. In total, 72,000 MHz Airwebs are auctioned. The reserve price for it is estimated to be around Rs 4.3 lakh crore.

Reliance Jio, Bharti Airtel, Adani Group and Vodafone Idea participated in this auction process. The Ministry of Telecommunications is expected to derive revenue of Rs 70,000 crore to Rs 1,00,000 crore from the 5G spectrum auction. The industry expects spectrum to be sold around the reserve price. The introduction of 5G services in the country will pave the way for the provision of super high-speed internet services. 5G service will be around 10 times faster than existing 4G services.

Reliance Jio can spend the most
Reliance Jio is expected to spend more during the auction. Airtel is also expected to lead the race with limited participation from Vodafone Idea and Adani Enterprises. Reliance Jio deposited an amount of Rs 14,000 crore with the department for the auction while Adani Enterprises deposited Rs 100 crore.

The speed will be 10 times faster than 4G
The introduction of 5G services in the country will pave the way for the provision of super high-speed internet services. 5G service will be around 10 times faster than existing 4G services. Reliance Jio is expected to spend more during the auction. Airtel is also expected to lead the race with limited participation from Vodafone Idea and Adani Enterprises.

There is less chance of aggressive bidding
Market analysts say there is little hope for aggressive bidding at the auction. Indeed, the spectrum is available in sufficient quantity while there are only four bidders. Reliance Jio deposited an amount of Rs 14,000 crore with the department for the auction while Adani Enterprises only deposited Rs 100 crore.

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