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This company won the 5G spectrum auction, bid for Rs 1.5 lakh crore, know the full news

5G Spectrum Public sale: The most important ever spectrum public sale in India ended on Monday. A document sale of 5G telecom spectrum value greater than Rs 1.5 lakh crore befell on this seven-day public sale. On this public sale, billionaire businessman Mukesh Ambani’s firm Jio made the very best bid to consolidate its main place.

A complete of Rs 1,50,173 crore bids had been positioned

Sources with data of the matter mentioned that in response to the provisional figures, a complete of Rs 1,50,173 crore had been bids. This public sale quantity of 5G spectrum able to providing extraordinarily high-speed cell web connectivity is sort of double the Rs 77,815 crore 4G spectrum offered final 12 months. This quantity is 3 times as towards Rs 50,968.37 crore acquired from 3G public sale in 2010.

Reliance Jio bid 10 instances extra

Reliance Jio made the very best bid for radio waves providing connectivity at about 10 instances sooner than 4G. It was adopted by Bharti Airtel and Vodafone Thought Restricted. Adani Group is claimed to have purchased 26 MHz spectrum to arrange a non-public telecom community.

No bidding for these bands

Sources mentioned that the main points of which firm purchased the quantity of spectrum shall be recognized solely after the public sale knowledge is totally out. The federal government had supplied spectrum in 10 bands, however no bids had been acquired for spectrum within the 600 MHz, 800 MHz and 2300 MHz bands. About two-thirds of the bids had been for the 5G band (3300 MHz and 26 GHz), whereas greater than 1 / 4 of the demand got here within the 700 MHz band. This band had gone unsold within the final two auctions (2016 and 2021).

Final 12 months there was a bid of so many crores

Within the public sale held final 12 months, Reliance Jio had taken spectrum value Rs 57,122.65 crore. Bharti Airtel had made a bid of about Rs 18,699 crore and Vodafone Thought purchased spectrum value Rs 1,993.40 crore. A complete of 72 GHz radio waves value at the very least Rs 4.3 lakh crore had been put up for bid this 12 months.

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