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4th day of 5G spectrum auction, bids worth Rs 1,49,623 crore received so far

The public sale of fifth era (5G) spectrum to supply high-speed web service within the nation continued for the fourth day on Friday. Complete bids price Rs 1,49,623 crore have been obtained within the 16 rounds held up to now. Jio and Airtel have proven eager curiosity within the spectrum within the 1800 MHz band within the Uttar Pradesh East circle and put up competing bids on Wednesday and Thursday.

Industrialist Mukesh Ambani’s Reliance Jio, Sunil Bharti Mittal’s Bharti Airtel and Gautam Adani’s firm in addition to Vodafone Thought are additionally within the race for 5G spectrum. On Tuesday, the primary day of bidding, bids price Rs 1.45 lakh crore had been positioned in 4 rounds of public sale. Extra demand for radio waves got here on Wednesday and Thursday. The seventeenth spherical of bidding started on Friday. A complete of Rs 1,49,623 crore has been obtained in 16 rounds on Thursday.

A complete of 72 GHz radio waves price no less than Rs 4.3 lakh crore have been positioned underneath the bidding. The public sale is being performed for spectrum in varied low (600 MHz, 700 MHz, 800 MHz, 900 MHz, 1,800 MHz, 2,100 MHz, 2,300 MHz), medium (3,300 MHz) and excessive (26 GHz) frequency bands.

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