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Realtime Updates On Breaking News & Headlines

5G Auctions: Bids worth Rs 1.5 lakh crore received till the fifth day, know the latest updates

5G Auctions Update: On Saturday, the fifth day of the continuing public sale course of for the allocation of 5G spectrum within the nation, the spectrum sale worth reached near Rs 1.50 lakh crore. The public sale course of is more likely to proceed on Sunday as effectively. Telecom Minister Ashwini Vaishnav mentioned that the whole bids positioned until the fifth day of the public sale have been valued at Rs 1,49,966 crore.

Competitors between corporations for spectrum continues: The public sale course of for the allocation of 5G spectrum within the nation went on for the fifth consecutive day on Saturday. Bids price Rs 1,49,966 crore have been positioned up to now. Official sources mentioned the public sale course of has reached the sixth day as a result of ongoing competitors among the many corporations for spectrum. Based on sources, telcos have made the twenty fourth spherical of bids.

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Telecom Minister Ashwini Vaishnav expressed satisfaction: Telecom Minister Ashwini Vaishnav had mentioned on Friday that up to now about 71 % of the whole spectrum put up for public sale has been offered. He additionally expressed satisfaction over the response acquired from the businesses to the spectrum public sale. Until Friday, 23 rounds of bids had been made. Seven rounds of bidding have been accomplished on today.

Competitors between Jio, Airtel, Vodafone Thought and Adani Enterprises: The Division of Telecommunications has provided to promote 72 GHz spectrum price a complete of Rs 4.3 lakh crore on this public sale. Aside from Reliance Jio, Bharti Airtel and Vodafone Thought, Adani Enterprises can also be collaborating on this public sale. (enter language)

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