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Airtel won the 5G spectrum auction, the government got only that much money of Rs 96,238 crore.

Sagar Patel

By Sagar Patel

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Government earned over Rs 11,000 crore by selling 5G spectrum Image credit source: Meta AI

The government had recently invited applications for spectrum auction so that common people can get better 5G network facilities across the country. The country’s three telecom companies, Bharti Airtel, Reliance Jio and Vodafone Idea (Vi), participated in the two-day auction process. When this process was finalized on Wednesday, Airtel emerged as the highest bidder.

The government had kept the reserve price for the spectrum auction at Rs 96,238 crore. But by the end of the second day’s auction, the government had received bids worth only Rs 11,340.78 crore. The three telcos have acquired only 141.4 MHz spectrum.

Which company bought how much spectrum?

The mobile spectrum auction began on Tuesday. The next day, Wednesday, when the auction began at 10 in the morning, it ended just a few hours later. In this two-day auction process, Bharti Airtel remained at the forefront in purchasing spectrum. It purchased spectrum worth a total of Rs 6,856.76 crore.

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While the country’s largest telecom company, Reliance Jio, bid for spectrum worth Rs 973.62 crore. While Vodafone Idea has bid for spectrum worth approximately Rs 3,510.4 crore.

In all, a total of Rs 11,340.78 crore has reached the government fund from this spectrum auction. The government expected to get Rs 96,238 crore from the spectrum auction, but it got only 12 per cent.

The last auction was held 2 years ago.

The government had already auctioned the spectrum about two years ago. The government had then received bids worth more than a record Rs 1.5 lakh crore. Even then, the government sold 5G spectrum and the auction process lasted 7 days. Later, Reliance Jio became the highest bidder in the auction. The company then bought half of the 5G spectrum, valued at Rs 88,078 crore.

At that time, Sunil Mittal’s Bharti Airtel had made a successful bid of Rs 43,084 crore. While Vodafone-Idea had purchased spectrum for Rs 18,799 crore. This time Airtel has purchased 97 MHz radio waves. This represents 60 percent of the total spectrum sold in the auction.

According to Bharti Airtel’s statement, it has acquired a total of 97 MHz of spectrum in the bands of 900 MHz, 1,800 MHz and 2,100 MHz. In this auction, the government had offered spectrum bands of 800 MHz, 900 MHz, 1,800 MHz, 2,100 MHz, 2,300 MHz, 2,500 MHz, 3,300 MHz and 26 GHz.

Sagar Patel

Sagar Patel

I am Sagar Patel, specializing in business news reporting. With a keen focus on economic trends, market analysis, and corporate developments,

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