5G spectrum auction to continue for few more days: Telecom min Ashwini Vaishnaw
Live MintTelecom minister Ashwini Vaishnaw on Saturday said the country had drawn bids totalling about $19 billion for 5G spectrum and the process is likely to continue for the next few days. Auctions for 5G spectrum continued today, after fetching bids worth ₹1,49,967 crore after 30 rounds so far from players such as Reliance Industries' Jio and Bharti Airtel. After a flying start on Tuesday that saw players pouring in ₹1.45 lakh crore on the first 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. Besides powering ultra-low latency connections, which allow downloading full-length high-quality video or movie to a mobile device in a matter of seconds, the Fifth Generation or 5G would enable solutions such as e-health, connected vehicles, more-immersive augmented reality and metaverse experiences, life-saving use cases, and advanced mobile cloud gaming, among others.