Auctions for 5G spectrum continued for the fifth day on Saturday, after fetching bids value Rs 1,49,855 crore from gamers comparable to Reliance Jio and Bharti Airtel up to now.
Continued curiosity for radiowaves has led to stretching of the public sale to Saturday, and in response to sources, twenty fourth spherical of bidding is underway.
About 71 per cent of the whole spectrum placed on the block has been provisionally bought up to now, Telecom Minister Ashwini Vaishnaw had stated on Friday, terming it a “good response.”
On Friday, seven rounds of bidding came about, and incrementally Rs 231.6 crore was recorded. In all, 23 rounds of bidding have been performed until Friday.
Billionaire Mukesh Ambani’s Reliance Jio, Sunil Mittal-led Bharti Airtel, Vodafone Concept and a unit of billionaire Gautam Adani’s flagship Adani Enterprises are within the race to bid for 5G spectrum, which presents speeds about 10 instances quicker than 4G, lag-free connectivity, and may allow billions of related gadgets to share information in real-time.
After a flying begin on Tuesday that noticed gamers pouring in Rs 1.45 lakh crore on the primary day, the numbers inched up incrementally over Wednesday, Thursday, and Friday as Jio and Airtel engaged in intense bidding in UP East circle for 1800 MHz band.
In all, 72 GHz (gigahertz) of radiowaves value a minimum of Rs 4.3 lakh crore is on the block. The public sale is being held for spectrum in varied low (600 MHz, 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz, 2500 MHz), mid (3300 MHz) and excessive (26 GHz) frequency bands.
Apart from powering ultra-low latency connections, which permit downloading full-length high-quality video or film to a cell system in a matter of seconds (even in crowded areas), the Fifth Era or 5G would allow options comparable to e-health, related autos, more-immersive augmented actuality and metaverse experiences, life-saving use instances, and superior cell cloud gaming, amongst others.
With PTI Inputs