5G Spectrum Auction 2022: 5G Auction begins in India, Reliance Jio, Airtel, Vi, Adani top 4 bidders
5G Spectrum Auction Date 2022: The much-awaited 5G spectrum auction is underway to pave way for the fifth generation of mobile network in India. The 5g spectrum auction in India began at 10 am and will conclude at 6pm.
The 5g spectrum auction will see 72,000Mhz (72GHz) airwaves go up for bids with reserve price being Rs 4.3 lakh crores. The top four bidders include Reliance Jio, Adani Data Networks, Bharti Airtel and Vodafone Idea.
All four companies have deposited a combined amount of Rs 21,800 crore in Earnest Money Deposit (EMD) ahead of the bidding process, based on which these telecom companies will be able to bid up to Rs. 1.9 lakh crores.
5G Auction Date and Time
5G Spectrum Auction Date 2022: July 26th
5G Spectrum Auction Time 2022: 10am-6pm
5G Spectrum Auction 2022: 5G Auction begins in India, Reliance Jio, Airtel, Vi, Adani top 4 bidders
5G Spectrum Auction 2022: The 5g spectrum auction will see 72,000Mhz (72GHz) airwaves go up for bids with reserve price being Rs 4.3 lakh crores.
jagran josh
SANGEETA NAIR
UPDATED: JUL 26, 2022 12:10 IST
5G Sp5G Spectrum Auction begins in India
5G Sp5G Spectrum Auction begins in India
5G Spectrum Auction Date 2022: The much-awaited 5G spectrum auction is underway to pave way for the fifth generation of mobile network in India. The 5g spectrum auction in India began at 10 am and will conclude at 6pm.
The 5g spectrum auction will see 72,000Mhz (72GHz) airwaves go up for bids with reserve price being Rs 4.3 lakh crores. The top four bidders include Reliance Jio, Adani Data Networks, Bharti Airtel and Vodafone Idea.
All four companies have deposited a combined amount of Rs 21,800 crore in Earnest Money Deposit (EMD) ahead of the bidding process, based on which these telecom companies will be able to bid up to Rs. 1.9 lakh crores.
5G Auction Date and Time
5G Spectrum Auction Date 2022: July 26th
5G Spectrum Auction Time 2022: 10am-6pm
5G Spectrum Auction 2022: 7 Important Facts
1. The four major bidders in 5G Spectrum Auction 2022 include Reliance Jio, Bharti Airtel, Vodafone Idea and Adani Group.
2. The four bidders have deposited a combined amount of Rs 21,800 crore in Earnest Money Deposit (EMD), based on which they will be eligible to bid up to about Rs. 1.9 lakh crores.
3. Reliance Jio, which deposited Rs 14000 crore, has the highest EMD, followed by Bharti Airtel that submitted Rs 5500 crores, Vodafone Idea that submitted Rs 2200 crores and Adani deposited Rs 100 crores.
4. The EMD reflects the quantity of airwaves a company can bid for in the 5G Spectrum auction.
5. The 5g auction will be held for different spectrum bands including low, mid and high frequency bands.
6. The telecom department is expecting to obtain anywhere between Rs 70,000 crore to Rs 1 lakh crore from the auctions.
7. The 5 spectrum auction days will depend on the actual demand for the radiowaves.
Low frequency bands- 600 MHz, 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz
Mid Frequency bands- 3300 MHz
High Frequency Ban- 26 GHz
When will 5G launch in India?
5G services is expected to be rolled out later this year or by early 2023. Airtel CTO had said earlier this that they would launch its 5G services within 2-4 months after the auctions are concluded.
What is 5G spectrum auction?
The 5G Spectrum auction is a process through which the government sells the rights to transmit signals over specific bands of the electromagnetic spectrum and assigns scarce spectrum resources.