5G Spectrum Auction Concludes | India to Launch Services Expected by October 2022
The fifth generation (5G) telecom service is likely to be launch in India by October 2022 as the government successfully complete the spectrum auction mopping up over Rs 1.50 lakh crore in bids by four companies including Reliance Jio, Bharti Airtel, Vodafone Idea and Adani Data Networks.
Addressing a media briefing after the end of the bidding for the 5G spectrum, Union Minister of Communications, Electronics and Information Technology Ashwini Vaishnaw said out of the total 72,098MHz of the spectrum on offer, 51,236MHz or around 71% has sold in the auction.
A total of 40 rounds of bidding were conduct in the past 7 days.
The total value of the bid stands at Rs 1,50,173 crore.
Ashwini Vaishnaw said the allocation of the spectrum to the successful bidders would be done by 10th August 10 and the 5G services are likely to be launch in the country by October 2022.
Mr. Ashwini Vaishnaw Said :
Ashwini Vaishnaw said that better availability of spectrum will improve the quality of telecom services in the country.
Reliance Jio has made bids worth Rs 88,078 crore accounting for 58.65% of the total value of Rs 1,50,173 crore receive by the government in the 5G spectrum auction.
Jio has made bids to acquire 24,740MHz spectrum in 700MHz, 800MHz, 1,800MHz, 3,300MHz, and 26GHz.
Bharti Airtel has made bids worth Rs 43,084 crore to acquire 19867.8MHz spectrum in 900MHz, 1800MHz, 2100MHz, 3300MHz, and 26GHz frequency bands.
Vodafone Idea Limited has made bids worth Rs 18,799 crore to acquire 6,228MHz spectrum in 1,800MHz, 2,100MHz, 2,500MHz, 3,300MHz and 26GHz.
Four firms are in the fray for the 5G auction.
Adani Data Networks has made bids worth Rs 212 crore to acquire 400MHz spectrum in the 26GHz frequency band.
Reliance Jio has made bids to acquire 24,740MHz spectrum in 700MHz, 800MHz, 1,800MHz, 3,300MHz and 26GHz.
Akash M Ambani, Chairman, Reliance Jio Infocomm, Said :
Bharti Airtel has made bids worth Rs 43,084 crore to acquire 19867.8MHz spectrum in 900MHz, 1,800MHz, 2,100MHz, 3,300MHz, and 26GHz frequency bands in the 5G spectrum auction that concluded.
Bharti Airtel is the second biggest bidder in the 5G spectrum auction.
Reliance Jio is the biggest bidder accounting for 58.65% of the total value at Rs 1,50,173 crore.
Gopal Vittal, Managing Director and CEO of Bharti Airtel, said :
Also Gopal Vittal said the new spectrum acquire through the auction would allow Bharti Airtel to change a lot of established paradigms for both B2C and B2B customers.
Gopal Vittal Said :
India’s government aims to begin the rollout of 5G which it says can provide data speeds about 10 times faster than 4G by October 2022.
Globally, the next-generation network is seen as vital for emerging technologies like self-driving cars and artificial intelligence.