Centre Got Rs 11,300 Crores from India's Second Spectrum Sale
6 months, 2 weeks ago

Centre Got Rs 11,300 Crores from India's Second Spectrum Sale

Deccan Chronicle  

New Delhi: Witnessing a low demand from telecom operators, the Centre is likely to have garnered over Rs 11,300 crore from India’s second spectrum sale in selling airwaves across the bands, which ended in two days after seven rounds on Wednesday noon. Telecom giant Bharti Airtel emerged as the top bidder, which may have bought spectrum worth around Rs 9,000 crore, while Vi and Reliance Jio placed their bids worth approximately Rs 1200-1500 crore and Rs 1000 crore respectively,” the sources said. However, an official statement issued by telcos confirmed that India’s spectrum auctions sold a total of 141.4 MHz radio waves worth Rs 11,340.78 crore, with Bharti Airtel emerging as the top buyer with airwaves worth Rs 6,856.76 crore. Bharti Airtel said that the company has bought 97-MHz radio frequency, around 60 per cent of total airwaves sold, for Rs 6,857 crore in the fresh auction that concluded on Wednesday. At that time, telecom tycoon Sunil Mittal's Bharti Airtel also made a successful bid of Rs 43,084 crore, while Vodafone Idea bought spectrum for Rs 18,799 crore.

India Auction Crore Bharti Worth Spectrum Bharti Airtel Airtel Vodafone Idea Radio Waves Reliance Jio 800 Mhz Mhz Telecom  total  11300  sale  spectrum  second  crores  airtel  mhz  telecom  rs  auction  crore  indias  worth  centre  bharti

History of this topic

Bharti Airtel Clears Spectrum Dues with Rs 3,626 Cr Prepayment
3 weeks, 1 day ago

Bharti Airtel Clears Spectrum Dues with Rs 3,626 Cr Prepayment

Deccan Chronicle  

Bharti Airtel on Thursday said it prepaid Rs 3,626 crore to the department of telecom to clear all its liabilities for spectrum it had acquired in 2016. “Bharti Airtel has prepaid Rs 3,626 crore to the Department of Telecom clearing all its liabilities for spectrum it had acquired in 2016. In June, the Sunil Mittal-promoted telecom operator also prepaid all …

Airtel pays off ₹3,626 crore spectrum dues to Telecom Dept. for purchases in 2016
3 weeks, 1 day ago

Airtel pays off ₹3,626 crore spectrum dues to Telecom Dept. for purchases in 2016

Live Mint  

Telecom major Bharti Airtel Ltd. announced on Thursday, December 19, that the company has paid off ₹3,626 crore in dues, which it owed to the Department of Telecom for the spectrums it acquired in 2016, according to an official statement. In the exchange filing, Bharti Airtel said that “it has prepaid ₹3,626 crores to the Department of Telecom clearing all …

Starlink India entry faces new hurdle: Reliance pushes for satellite spectrum auction
2 months ago

Starlink India entry faces new hurdle: Reliance pushes for satellite spectrum auction

India TV News  

Mukesh Ambani's Reliance Industries recently urged India's telecom regulator to rethink its decision to allocate satellite spectrum without an auction, marking a fresh confrontation with Elon Musk's Starlink. Last month, India’s Telecom Minister Jyotiraditya Scindia announced that the government would follow a global trend of administratively allocating spectrum, with the final announcement pending feedback from the Telecom Regulatory Authority of …

Sunil Mittal’s Bharti Telecom plans to raise about ₹8,500 crore in rupee bond market
2 months ago

Sunil Mittal’s Bharti Telecom plans to raise about ₹8,500 crore in rupee bond market

Live Mint  

Bharti Telecom Ltd., owned by billionaire Sunil Bharti Mittal, is planning to raise about 85 billion rupees in the local-currency bond market, according to people familiar with the matter. If successful, it will be Bharti Telecom’s largest-ever rupee issuance, according to data compiled by Bloomberg. The borrowing is coming days after India’s second-largest wireless carrier Bharti Airtel Ltd., in which …

Satellite Showdown: Reliance, Airtel, and Starlink Battle for Spectrum Allocation
2 months, 2 weeks ago

Satellite Showdown: Reliance, Airtel, and Starlink Battle for Spectrum Allocation

New Indian Express  

The Indian government is set to hold a major debate at the upcoming India Mobile Congress 2024, with the focus on satellite communication. The discussion revolves around whether the spectrum for satellite communication should be allocated administratively or auctioned off. While Indian telecom giants like Reliance Jio, Bharti Airtel, and Vodafone Idea Limited favor auctioning, foreign players like Elon Musk's …

Telcos bid ₹11,340 crore for expiring spectrum; Airtel leads
6 months, 2 weeks ago

Telcos bid ₹11,340 crore for expiring spectrum; Airtel leads

The Hindu  

Bharti Airtel Ltd. spent the most on retaining and acquiring new spectrum in the latest auction of airwaves concluded on Wednesday after seven rounds of bids. “As auction for 5G spectrum was held recently and 5G monetization is still in progress, no bidding took place in 800MHz, 2300MHz, 3300MHz and 26GHz bands,” the Department of Telecommunications said in a statement. …

Govt earns ₹11,340 crore from Spectrum Auction 2023-24
6 months, 2 weeks ago

Govt earns ₹11,340 crore from Spectrum Auction 2023-24

Op India  

The Department of Telecommunications, under the Ministry of Communications, has successfully concluded the Spectrum Auction 2023-24, marking a step in meeting the evolving spectrum needs of India’s telecom service providers. The auction offered spectrum across the 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz, 2500 MHz, 3300 MHz, and 26 GHz bands. The auction saw participation from all …

Spectrum auction ends in just two days with bids worth ₹11,340 crore
6 months, 2 weeks ago

Spectrum auction ends in just two days with bids worth ₹11,340 crore

The Hindu  

An auction of radiowaves that carry voice and data signals for mobile phones ended within two days on June 26, garnering less than 12% of the ₹96,238 crore minimum value that the government had estimated for the spectrum on offer. “The auction, where a total of 10 GHz of spectrum ranging between 800 MHz to 26 GHz was offered, got …

Spectrum auction Day 1: Telecoms place bids worth about ₹11,000 crore in 5 rounds: 6 Key things to know
6 months, 2 weeks ago

Spectrum auction Day 1: Telecoms place bids worth about ₹11,000 crore in 5 rounds: 6 Key things to know

Live Mint  

Telecom operators have placed bids worth ₹11,000 crore on the first day of the spectrum auctions that saw five rounds of bidding, reported PTI quoting anonymous sources. “Telecom operators have placed bids of around ₹11,000 crore on Day 1. Telecom companies like Bharti Airtel Limited, Vodafone Idea Ltd, and Reliance Jio Infocomm Ltd, were the three to take part in …

India to auction ₹96,318 crore telecom spectrum on Tuesday
6 months, 2 weeks ago

India to auction ₹96,318 crore telecom spectrum on Tuesday

Hindustan Times  

The Department of Telecommunications will begin the auction of ₹96,317.65 crore of spectrum on Tuesday. Representational The background On February 8, the Union Cabinet approved the auction of 10,523.15 megahertz of spectrum across bands at a reserve price of ₹96,317.65 crore, Business Standard wrote. Combined with much lower demand for spectrum and a cautious stance adopted by market leader Reliance …

Department of Telecom defers spectrum auction to June 25
7 months ago

Department of Telecom defers spectrum auction to June 25

The Hindu  

The Department of Telecom on June 4 postponed the spectrum auction by 19 days to June 25, as per information available on its website. According to amendments made in the notice inviting applications for bids on Tuesday, the new date for "start of the live auction" has been changed to June 25 from June 6. All the available spectrum in …

Airtel likely to spend the most at spectrum auctions, govt may get up to $2 bn
9 months, 4 weeks ago

Airtel likely to spend the most at spectrum auctions, govt may get up to $2 bn

Live Mint  

New Delhi: The upcoming spectrum auctions may fetch the government between $0.5 billion and $2 billion, or up to about ₹16,600 crore, as telecom firms are likely to bid for airwaves to bolster capacity in certain bands or circles, analysts said. At reserve prices, this would result in spending of ₹1,500 crore, but since the country's third-largest carrier by subscribers …

Government proposes Spectrum auction in various bands: All you need to know
10 months ago

Government proposes Spectrum auction in various bands: All you need to know

India TV News  

The Department of Telecommunications of the Indian government has proposed to auction the right to use specific radio spectrum frequencies in multiple bands this time, which will include sub-1 GHz bands like 800 MHz and 900 MHz, along with mid-bands like 2100 MHz, 1800 MHz, 2500 MHz, 2300 MHz, 3300 MHz, and 26 GHz Band. Total spectrum offered and validity …

Jio vs Airtel vs VI for spectrum auction on May 20: Centre sets base price at…
10 months ago

Jio vs Airtel vs VI for spectrum auction on May 20: Centre sets base price at…

Hindustan Times  

The Department of Telecommunications on Friday released the date for the auction of eight spectrums of mobile internet, and all major telecom companies are expected to battle it out. Centre to commence internet spectrum auction from May 20 Government will auction eight spectrum bands for mobile phone services at a base price of ₹96,317.65 crore. It is expected that Reliance …

Spectrum auction to start from May 20
10 months ago

Spectrum auction to start from May 20

The Hindu  

Auctions for telecommunications spectrum in the high-frequency bands of 800 megahertz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz, 2500 MHz, 3300 MHz, and 26 gigahertz will be held on May 20, the Department of Telecommunications announced on March 8, inviting bid applications from telecom operators. While the reserve price of the spectrum on auction amounts to ₹96,317.65 crore, The …

DoT to hold spectrum auctions starting 20 May
10 months ago

DoT to hold spectrum auctions starting 20 May

Live Mint  

NEW DELHI: The Department of Telecommunications will conduct the next round of spectrum auctions on 20 May, where frequencies valued at ₹96,317.65 crore across eight bands will be up for grabs. Now telecom service providers will get opportunity to buy spectrum regularly in a transparent way,” telecom minister Ashwini Vaishnaw said in a social media post on X, after the …

Union Cabinet gives nod for spectrum auction
11 months ago

Union Cabinet gives nod for spectrum auction

The Hindu  

The Union Cabinet approved an auction of telecom spectrum this year for airwaves amounting to a cumulative reserve price of ₹96,317.65 crore, the government announced on Thursday. Expiring airwaves that belong to “certain companies undergoing insolvency” will also be auctioned, the government said. Spectrum has also been approved for use by the railways for the deployment of Kavach, the automatic …

From fishery scheme to telecom spectrum auction, key decisions by Union Cabinet
11 months ago

From fishery scheme to telecom spectrum auction, key decisions by Union Cabinet

Live Mint  

The Union Cabinet on Thursday approved key decisions related to the auction of telecom spectrum bands, PM Matsya Kisan Samriddhi Saha Yojana, Fisheries & Aquaculture Infrastructure Development Fund, and railway projects. The Union Cabinet approved the auctions in eight spectrum bands for mobile phone services at a base price of ₹96,317.65 crore. Telecom spectrum auctions The Union Cabinet on Thursday …

Vodafone Idea seeks 30 more days to pay ₹1,680 cr spectrum auction instalment
1 year, 4 months ago

Vodafone Idea seeks 30 more days to pay ₹1,680 cr spectrum auction instalment

Hindustan Times  

Debt-ridden Vodafone Idea has sought 30 days more time to pay around ₹1,680 crore for spectrum auction instalment due on Thursday, a senior company official said on Wednesday. Vodafone idea has also acquired a 5G spectrum in mid-band and millimetre wave in the 26 GHz band in July 2022 spectrum auction. "We have submitted a letter to DoT that we …

Airtel prepaid Rs 8,024 cr to clear liabilities for spectrum acquired in 2015
1 year, 5 months ago

Airtel prepaid Rs 8,024 cr to clear liabilities for spectrum acquired in 2015

India TV News  

Bharti Airtel on Monday said it has prepaid Rs 8,024 crore to the Department of Telecom towards part prepayment of deferred liabilities pertaining to spectrum acquired in the auction in 2015. Airtel last year acquired 19867.8 MHz spectrum in 900 MHz, 1800 MHz, 2100 MHz, 3300 MHz and 26 GHz frequency bands through the auction for Rs 43,084 crore spectrum …

Bharti Airtel clears Rs 8,024 crore spectrum liabilities through prepayment
1 year, 5 months ago

Bharti Airtel clears Rs 8,024 crore spectrum liabilities through prepayment

India TV News  

Bharti Airtel has announced that it has prepaid Rs 8,024 crore to the Department of Telecom as a part of the deferred liabilities for the spectrum, acquired in the auction which was held in 2015. In the previous year's auction, Airtel acquired 19867.8 MHz spectrum in various frequency bands, including 900 MHz, 1800 MHz, 2100 MHz, 3300 MHz, and 26 …

Jio's satellite unit favours auction, Airtel joins satcom firm to oppose the method
1 year, 6 months ago

Jio's satellite unit favours auction, Airtel joins satcom firm to oppose the method

India TV News  

Jio Satellite Communications is the only satellite communication firm that has favoured auction for the allocation of spectrum while other players in the segment, including telecom operator Bharti Airtel, have opposed it. ISpA said while auction is a common method used to allocate scarce resources, such as terrestrial spectrum but in the case of satellite spectrum, auction is neither a …

Cabinet approves Rs 89,047 crore for 4G, 5G spectrum allocation to BSNL
1 year, 7 months ago

Cabinet approves Rs 89,047 crore for 4G, 5G spectrum allocation to BSNL

India TV News  

The Union Cabinet on Wednesday approved the third revival package for BSNL with a total outlay of Rs 89,047 crore, primarily for expenses related to spectrum for 4G and 5G services, Telecom and IT Minister Ashwini Vaishnaw said. With the third and last revival package, the total financial support extended to BSNL has crossed Rs 3.22 lakh crore. The package …

Airtel has no plans to introduce 5G premium pricing
2 years ago

Airtel has no plans to introduce 5G premium pricing

The Hindu  

Telecom operator Bharti Airtel has plans to invest ₹27,000-₹28,000 crore in telecom network with a focus on 5G rollout, a company official said on Wednesday. When asked whether Airtel will look at charging a premium for 5G services, the official said that the premium price for 5G has not worked anywhere in the world and the company is also not …

Airtel's Sunil Mittal hails Modi govt's efficiency in 5G spectrum allocation
2 years, 4 months ago

Airtel's Sunil Mittal hails Modi govt's efficiency in 5G spectrum allocation

Op India  

On Thursday, the Bharti Airtel founder and Chairman Sunil Bharti Mittal lauded the PM Modi led-government for ease of doing business after the company received an allocation letter for the designated 5G spectrum within hours of payment of the dues. Reports mention that the Department of Telecommunications has received an upfront payment of around Rs 17,876 crore from companies including …

Airtel gets spectrum allocation letter, Sunil Mittal hails ease of doing business
2 years, 4 months ago

Airtel gets spectrum allocation letter, Sunil Mittal hails ease of doing business

The Hindu  

Bharti Airtel received spectrum allocation letter within few hours of making upfront payment to the Department of Telecom, Bharti Enterprises founder and chairman Sunil Bharti Mittal said on Thursday. "Airtel paid ₹8,312.4 crore towards spectrum dues and was provided the allocation letter for the designated frequency bands within hours. The Department of Telecom has received payment of around ₹17,876 crore …

Airtel gets spectrum allocation letter, Sunil Mittal hails ease of doing business
2 years, 4 months ago

Airtel gets spectrum allocation letter, Sunil Mittal hails ease of doing business

India TV News  

Highlights Airtel receives spectrum allocation letter within few hours of making upfront payment Bharti Enterprises founder and chairman Sunil Bharti Mittal hailed ease of doing business This is the first time ever that DoT has handed out spectrum allocation letter Bharti Airtel received spectrum allocation letter within few hours of making upfront payment to the Department of Telecom, Bharti Enterprises …

Airtel pays 5G spectrum dues for 4 years in upfront
2 years, 4 months ago

Airtel pays 5G spectrum dues for 4 years in upfront

Hindustan Times  

Telecom operator Bharti Airtel on Wednesday said it has paid ₹8,312.4 crores to the Department of Telecom in upfront towards dues for spectrum acquired in the recently concluded 5G auctions. "The company believes that this upfront payment coupled with the moratorium on spectrum dues and AGR-related payments for four years will free up future cash flows and allow Airtel to …

Airtel pays Rs 8,312.4 cr to DoT to clear 4-yr instalment in advance for 5G spectrum
2 years, 4 months ago

Airtel pays Rs 8,312.4 cr to DoT to clear 4-yr instalment in advance for 5G spectrum

India TV News  

Highlights Telecom operator Bharti Airtel has paid Rs 8,312.4 crore to the Department of Telecom Payment was made towards dues for spectrum acquired in the recently concluded 5G auctions Airtel has paid four years of 2022 spectrum dues upfront Telecom operator Bharti Airtel has paid Rs 8,312.4 crore to the Department of Telecom towards dues for spectrum acquired in the …

5G India launch today? Here's what we know in 7 points
2 years, 4 months ago

5G India launch today? Here's what we know in 7 points

India Today  

5G spectrum auctions in India are over, and the wait for the official rollout is still going on. During the seven-day auction process last month, India's biggest telco, Reliance Jio, emerged as the largest spender, followed by Bharti Airtel and Vi. --Earlier this month, Reliance Jio Infocomm's chairperson, Akash Ambani, said that the company would celebrate 'Azadi ka Amrit Mahotsav' …

A good news for Airtel investors
2 years, 5 months ago

A good news for Airtel investors

Live Mint  

After the recently concluded auctions, telecom investors will be keen to hear from companies about future prospects of 5G. View Full Image On the front foot “These comments are reassuring as they validate Airtel’s frugal spectrum purchase strategy that was aided by opportunistic mergers and acquisitions," said Ambit Capital Pvt. Why rupee, higher fees don't deter students headed abroad Challenges …

Airtel to Launch 5G Services This Month, Cover Every Town by 2024: MD Vittal
2 years, 5 months ago

Airtel to Launch 5G Services This Month, Cover Every Town by 2024: MD Vittal

News 18  

New Delhi: Telecom operator Bharti Airtel will start rolling out 5G services this month and cover all towns and key rural areas of the country by March 2024, a senior company official said on Tuesday. Vittal said the company's capital expenditure will remain around the existing levels and played down the need for buying premium spectrum in the 700 megahertz …

Explained | How will the 5G spectrum sale impact the sector?
2 years, 5 months ago

Explained | How will the 5G spectrum sale impact the sector?

The Hindu  

The story so far: The auction of telecom spectrum, including bands for offering fifth generation technology services, concluded on Monday drawing record bids exceeding ₹1.50 lakh crore. Editorial | Dialling right: On 5G spectrum sale Low-band spectrum is popular for providing wider coverage, however, the speed and latency might just be an incremental upgrade over 4G. Bharti Airtel and Reliance …

Dialling right: The Hindu Editorial on 5G spectrum sale
2 years, 5 months ago

Dialling right: The Hindu Editorial on 5G spectrum sale

The Hindu  

India’s latest auction of telecommunications spectrum, including of bands ideally suited for offering fifth generation technology services, drew bids exceeding a record ₹1.5 lakh crore in a clear sign that the industry is on the path to recovery. And in an interesting development that will need close watching, the deep-pocketed, and aggressively expanding Adani Group made its first foray into …

Airtel to launch 5G services later this month
2 years, 5 months ago

Airtel to launch 5G services later this month

Deccan Chronicle  

NEW DELHI: Telecom operator Bharti Airtel will start rolling out 5G services later this month as it signed requisite agreements with Ericsson, Nokia and Samsung. At the recently held much-awaited spectrum auction for 5G services by the Department of Telecom, Airtel bid for and acquired 19867.8 MHZ spectrum in 900 MHz, 1800 MHz, 2100 MHz, 3300 MHz, and 26 GHz …

Airtel to Start 5G Services Rollout in August But All Cities Won't Get It
2 years, 5 months ago

Airtel to Start 5G Services Rollout in August But All Cities Won't Get It

News 18  

New Delhi: Within days of bidding for spectrum in auctions, Bharti Airtel on Wednesday announced it has signed 5G network agreements with gear makers Ericsson, Nokia and Samsung to commence deployment this month. Bharti Airtel, which acquired spectrum worth Rs 43,084 crore in the just-concluded auction, had said it is well-positioned to usher in the 5G revolution in India. Vittal …

5G auction: The key takeaway
2 years, 5 months ago

5G auction: The key takeaway

Hindustan Times  

The 5G spectrum auctions concluded on Monday, after a week and 40 rounds, raising around ₹1.5 lakh crore for the government. The government recently announced a ₹1.64 lakh crore revival package for the State-owned BSNL, which includes 4G spectrum, and it is likely that, at some point in the future, another package that includes 5G will be made available to …

5G Spectrum Auction Concludes, Here’s How Airtel Plans To Lead With 5G
2 years, 5 months ago

5G Spectrum Auction Concludes, Here’s How Airtel Plans To Lead With 5G

The Quint  

Bharti Airtel, India's leading telecommunications services provider, stated today that it will spearhead the nation's 5G revolution. Furthermore, by acquiring this spectrum, Airtel has been able to significantly cut the payout towards spectrum use fee and remove the unfavorable SUC arbitrage compared to new entrants. Airtel has created and nurtured a vibrant ecosystem of partners and start-ups to support faster …

How 5G spectrum win can drive Reliance Industries’ stock
2 years, 5 months ago

How 5G spectrum win can drive Reliance Industries’ stock

Live Mint  

Reliance Jio emerged as the top spender in India's 5G spectrum auction received a record ₹1.5 lakh crore of bids. While 5G SA still lags in terms of handsets, equipment and application, BofA finds Jio better placed than its peers to offer differentiated service. BofA's Buy rating on RIL shares comes with a target price of ₹2,820 apiece, which it …

Jio top bidder as 5G spectrum sale closes
2 years, 5 months ago

Jio top bidder as 5G spectrum sale closes

Hindustan Times  

Mukesh Ambani’s Reliance Jio Infocomm Ltd emerged as the top buyer in a government auction of airwaves on Monday, spending ₹88,078 crore, more than double that of second-placed Bharti Airtel Ltd. Ambani’s purchases helped the government net a record ₹1.5 trillion by selling 51,236MHz of spectrum in the auction that lasted a week. Reliance Jio, India’s largest telecom operator, led …

5G services in India to be launched by October, spectrum allocation by 10 August
2 years, 5 months ago

5G services in India to be launched by October, spectrum allocation by 10 August

Firstpost  

Union Minister of Communications, Electronics and Information Technology Ashwini Vaishnaw said out of the total 72,098 MHz of spectrum on offer, 51,236 MHz or around 71 per cent has been sold in the auction New Delhi: The fifth generation telecom services are likely to be launched in India by October this year as the government on Monday successfully completed the …

5G auction: Mukesh Ambani's Reliance Jio top bidder with a bid of ₹88,078 crore
2 years, 5 months ago

5G auction: Mukesh Ambani's Reliance Jio top bidder with a bid of ₹88,078 crore

Hindustan Times  

Mukesh Ambani's Reliance Jio has emerged as the top bidder with a bid of ₹88,078 crore rupees while Adani group bid stood at ₹212 crore at the 5G spectrum auction, telecom minister Ashwini Vaishnaw was quoted by PTI. The auction garnered bids worth ₹1.45 lakh crore on the first day on July 26, with subsequent days seeing only marginal incremental …

5G spectrum auction ends, Reliance Jio is the top bidder
2 years, 5 months ago

5G spectrum auction ends, Reliance Jio is the top bidder

India Today  

A record over Rs 1.5 lakh crore worth of 5G telecom spectrum was sold in a seven-day auction ending on Monday, which saw billionaire Mukesh Ambani's Jio emerging as the top bidder to consolidate its leadership position. The mop-up from the 5G spectrum, capable of offering ultra-high speed mobile internet connectivity, is almost double at Rs 77,815 crore worth 4G …

5G spectrum auction ends with record bids worth over ₹1.5 lakh crore; Jio top bidder
2 years, 5 months ago

5G spectrum auction ends with record bids worth over ₹1.5 lakh crore; Jio top bidder

The Hindu  

A record over ₹1.5 lakh crore worth of 5G telecom spectrum was sold in a seven-day auction ending on August 1, which saw billionaire Mukesh Ambani’s Jio emerging as the top bidder to consolidate its leadership position. The mop-up from the 5G spectrum, capable of offering ultra-high speed mobile internet connectivity, is almost double at ₹77,815 crore worth 4G airwaves …

5G Spectrum Auction Ends, Sale Worth Rs 1.5 Lakh Crore Recorded
2 years, 5 months ago

5G Spectrum Auction Ends, Sale Worth Rs 1.5 Lakh Crore Recorded

News 18  

New Delhi: A record over Rs 1.5 lakh crore worth of 5G telecom spectrum was sold in a seven-day auction ending on Monday, which saw billionaire Mukesh Ambani's Jio emerging as the top bidder to consolidate its leadership position. The mop-up from the 5G spectrum, capable of offering ultra-high speed mobile internet connectivity, is almost double at Rs 77,815 crore …

5G Spectrum Auctions: Bids Cross Rs 1.50 Lakh Cr Mark; UP East Sees Renewed Interest on Sunday
2 years, 5 months ago

5G Spectrum Auctions: Bids Cross Rs 1.50 Lakh Cr Mark; UP East Sees Renewed Interest on Sunday

News 18  

New Delhi, Jul 31: The 5G spectrum auctions of 5G spectrum capable of offering ultra-high-speed internet received bids worth Rs 1,50,130 crore until Sunday amid pick-up in demand for radiowaves in the UP East circle, pushing the bidding to seventh day on Monday. Seven new rounds of bidding held on the sixth day of auction on Sunday “dialled in" an …

5G spectrum auction: Bid increases after 37 rounds, bidder will pay Rs 1,50,130 crore: Know more
2 years, 5 months ago

5G spectrum auction: Bid increases after 37 rounds, bidder will pay Rs 1,50,130 crore: Know more

India TV News  

5G spectrum auction : On the sixth day of the 5G spectrum auction. It was further reported that the government will now receive bids worth Rs 1,50,130 crore. Led by Reliance Jio with over Rs 80,100 crore and Bharati Airtel with around Rs 50,000 crore worth of bids, the 5G spectrum auction will continue on Monday. In 2015, the telecom …

Fully ready for 5G rollout in shortest period of time: Reliance Jio
2 years, 5 months ago

Fully ready for 5G rollout in shortest period of time: Reliance Jio

India TV News  

Highlights Reliance Jio said it is gearing up to roll out an advanced 5G network Company emphasised that it is fully ready for 5G rollout in the shortest period of time We will celebrate 'Azadi ka Amrit Mahotsav' with a pan India 5G rollout, said Akash M Ambani 5G Network: After buying spectrum worth Rs 88,078 crore in the auctions, …

5G spectrum auction ends with over Rs 1.5L cr in bids: Know about the highest bidder
2 years, 5 months ago

5G spectrum auction ends with over Rs 1.5L cr in bids: Know about the highest bidder

India TV News  

5G spectrum auction: Led by Reliance Jio, the mega 5G spectrum auction has officially ended today, after receiving record bids worth over Rs 1.5 lakh crore in 40 rounds spanning in the past seven days. Day six of the 5G spectrum auction on Sunday saw an incremental increase in the bidding figure after 37 rounds, with bids worth Rs 1,50,130 …

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