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Government gets Rs 11,000 crore on first day of 5G spectrum, tomorrow will be up for grabs

Sagar Patel

By Sagar Patel

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Tenders invited for 5G serviceImage credit source: Vivo

The government is auctioning spectrum so that the country’s inhabitants get better coverage of the 5G mobile network. On Tuesday, the country’s three largest telcos, Reliance Jio, Airtel and Vodafone Idea (Vi), submitted bids for the spectrum. On the first day, there were five rounds of bidding and the government got around Rs 11,000 crore.

The government has started the auction of 10,500 MHz spectrum at a reserve price of Rs 96,238 crore. For the second day, Wednesday, companies will make offers for different ranges of spectrum.

Companies are betting on this spectrum

The Department of Telecommunications reported that in the first day’s auction, companies mainly requested spectrum bands of 900 and 1,800 MHz. Some offers for 2100 and 2500 MHz have also arrived.

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Jio will offer the highest offer

To participate in the spectrum auction, Reliance Jio has deposited the maximum advance amount of Rs 3,000 crore. On this basis, the company will have the opportunity to place the highest bids during the auction. Bharti Airtel has deposited Rs 1,050 crore and Vodafone Idea (VIL) has deposited Rs 300 crore.

The spectrum auction process in the country was carried out online in the year 2010. This is the tenth spectrum auction since then. The government last auctioned spectrum in August 2022. Then, for the first time in the country, spectrum bands were called for tender for 5G services.

Tomorrow companies will be able to bet on these

In this auction, the government has invited bids for 900 MHz, 1800 MHz, 2100 MHz and 2500 MHz and other spectrum bands. Tomorrow companies will be able to place their bets on these remaining spectrum bands. The auction process is also expected to begin at 10 a.m. on Wednesday. The Department of Telecommunications issued notices of invitation (NIA) for spectrum auction on March 8.

In tomorrow’s auction three large telecommunications companies in the country will be able to bid for the 800 MHz, 2300 MHz, 3300 MHz and 26 GHz spectrum bands. The indebted Vodafone Idea Limited can mainly focus on acquiring the 26 GHz band to reduce its spectrum usage charges. This will help expand 5G services.

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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