The 5G auctions added Rs 1.5 trillion to the govt exchequer. As the dust is settles, let us explore how each player is placed, and will the 5G rollout be a watershed moment for the telecom sector
Telecom analysts say the industry is moving into a duopoly with Reliance Jio (Jio) and Bharti Airtel (Airtel) taking the lead
In combination with the use of an SA 5G network, Jio may leapfrog to the next level
Telecom vendors say they do not see any hindrance in the supply of the initial requirement of 5G radios
In the 2022 5G Spectrum auction, Reliance Jio emerged as the top buyer in the auction of airwaves, spending over Rs 88,000 crore, more than half the total bidding amount of Rs 1.5 trillion
The order asked Reliance Jio to pay Rs 147 crore to Tata Telecom as cable landing station usage charges
The amount earned is far higher than what the government had anticipated and the most compared to the seven auctions since 2010
After buying spectrum worth Rs 88,078 crore in the auctions, Reliance Jio said it is gearing up to roll out an advanced 5G network to make India a global leader in digital connectivity and solutions.
Buoyed by record bids in the auction of 5G spectrum, Ashwini Vaishnaw said he expects investments to be infused into both fourth and fifth generation technologies
Jio acquired 24,740 MHz spectrum, Airtel made a successful bid of Rs 43,084 cr, Vodafone Idea bought spectrum for Rs 18,784 cr, says Telecom Minister Ashwini Vaishnaw
The National Institute of Virology in Pune on Monday confirmed the death of a 22-year-old man from Punnayur in Thrissur district of Kerala as the first case of monkeypox death in India.
The mop-up from the 5G spectrum is almost double at Rs 77,815 cr worth 4G airwaves sold last year and triple of Rs 50,968 cr garnered from a 3G auction in 2010
India's first-ever auction for 5G spectrum entered the seventh day on Monday with players including Jio and Airtel being locked in an intense bidding for the UP East circle
Ambani's Reliance Jio Infocomm Ltd. is the top player in India's mobile market, while the Adani Group doesn't even have a license to offer wireless telecommunications services
Seven new rounds of bidding held on the sixth day of auction on Sunday 'dialled in' an incremental Rs 163 crore, propelling the cumulative spectrum sale beyond the Rs 1.5 trn-mark
The pitched battle in UP East circle - where demand for 1800 MHz had peaked since Wednesday - seems to be cooling off now, indicating that the auctions may be entering the final leg, say sources
Auctions for 5G spectrum continued for the fifth day on Saturday, after fetching bids worth Rs 1,49,855 crore from players such as Reliance Jio and Bharti Airtel so far.
Seven rounds of bidding took place and incrementally Rs 232 cr came in on Friday. In all, 23 rounds of bidding have been conducted so far
Though details of the bids are not announced as yet, ICICI Securities said its analysis shows that Jio has likely bid for the highest spectrum worth Rs 80,100 crore
Hope to complete spectrum allocation by Aug 15; 5G services expected in many cities by 2022-end, says Telecom Minister Ashwini Vaishnaw