The 5G spectrum auction finally started in India yesterday and after four bidding rounds on Day 1, we have some updates to share. It is revealed that the spectrum allocation is said to be completed on August 15. Here are more details to know.
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The government has received around Rs 1.45 lakh crore as bid amount, which exceeded expectations. To recall, the highest bid amount has been Rs 1.09 lakh crore back in 2015. The bidders include Reliance Jio, Bharti Airtel, Vodafone Idea (Vi) and for the first time the Gautam Adani-led Adani Group.
5G services, which will be faster than 4G, are expected to start rolling out in many cities by the end of this year, which is an expectation we've been hearing for a while now. Hoping to finalize spectrum allocation by August 15; 5G services expected in many cities by end of 2022: Telecom Minister— Press Trust of India (@PTI_News) July 26, 2022
Hoping to finalize spectrum allocation by August 15; 5G services expected in many cities by end of 2022: Telecom Minister— Press Trust of India (@PTI_News) July 26, 2022
