4 companies – Adani Enterprises, Bharti Airtel, Reliance Jio, and Vi (previously Vodafone Thought) participated within the bidding course of.

5G companies may be rolled out throughout a number of cities by the top of this 12 months, Union minister Ashwini Vaishnaw mentioned (Representational)

HIGHLIGHTS

  • Adani Enterprises, Bharti Airtel, Reliance Jio, and Vi took half in bids
  • Centre hoping to finish spectrum allocation by August 15: Union minister
  • 5G companies may be anticipated in some cities by 2022-end, he mentioned

The bid quantity for the 5G spectrum exceeded Rs 1.45 lakh crore on Day 1 of the public sale on the finish of 4 rounds, Telecom Minister Ashwini Vaishnaw mentioned. The fifth spherical of the public sale shall be held tomorrow.

4 companies – Adani Enterprises, Bharti Airtel, Reliance Jio, and Vi (previously Vodafone Thought) participated within the bidding course of.

The Centre is hoping to finish the spectrum allocation by August 1, the minister additional mentioned, including that 5G companies may be anticipated throughout a number of cities by the top of this 12 months.

Bids have been additionally acquired for 700 MHz band frequencies, Vaishnaw mentioned.

The public sale started this morning and your complete sale course of will take a number of days, relying on the precise demand for radio waves and the technique of particular person bidders.

Additionally Learn: | 5G spectrum public sale to begin on Tuesday; Reliance Jio, Bharti Airtel amongst 4 cos in fray

— ENDS —

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