Telcos May Buy Spectrum Worth Rs 71,000 Cr in 5G Auction: IIFL Report
2 years, 6 months ago

Telcos May Buy Spectrum Worth Rs 71,000 Cr in 5G Auction: IIFL Report

News 18  

The three private telecom operators — Reliance Jio, Bharti Airtel and Vodafone Idea — are expected to buy spectrum worth Rs 71,000 crore in the upcoming auction, leaving a vast majority of the radiowaves going under the hammer unsold, according to research firm IIFL Securities. The government will next month auction about Rs 4.3 lakh crore worth of airwaves capable of offering fifth-generation or 5G telecom services, including ultra-high-speed internet. The research firm further said if all telecom operators avail the option of equal annual installments over 20 years, the government would receive Rs 6,200 proceeds in the current financial year. The Department of Telecom has issued a new order that will enable telecom operators to reduce spectrum usage charges proportionately on buying fresh radiowaves in the upcoming 5G auction.. Read all the Latest News, Breaking News, watch Top Videos and Live TV here.

Jio Bharti Spectrum Iifl Telecom Operators Crore Rs Mhz  telecom  operators  crore  rs  report  cr  worth  auction  iifl  buy  ghz  radiowaves  jio  telcos  mhz  71000  spectrum

History of this topic

Telecom war intensifies? Vi reportedly gears up for 5G rollout, plans 15% cheaper than Jio and Airtel
1 week ago

Telecom war intensifies? Vi reportedly gears up for 5G rollout, plans 15% cheaper than Jio and Airtel

Live Mint  

Vodafone Idea is poised to debut its 5G mobile broadband services this March, introducing competitively priced plans to challenge rivals Reliance Jio and Bharti Airtel, according to a report inThe Economic Times. Vi's plan Vi reportedly plans to launch its 5G services across 75 major cities within its 17 priority telecom circles, targeting industrial hubs known for high data consumption. …

Telcos investment recovery in limbo as tariff hike backfires, price war with satcom services likely in 2025
1 week, 5 days ago

Telcos investment recovery in limbo as tariff hike backfires, price war with satcom services likely in 2025

Live Mint  

New Delhi, The country's private telecom operators face twin challenges on investment recovery in the New Year – customers leaving their network after tariff hikes and satellite players mainly Elon Musk's Starlink eyeing a chunk of their bread and butter data business. According to EY India Markets and Telecom leader Prashant Singhal, the cumulative investment of Reliance Jio, Bharti Airtel …

Telecom companies looking to boost free cash flow as sector improves: Fitch Ratings
1 month, 1 week ago

Telecom companies looking to boost free cash flow as sector improves: Fitch Ratings

Live Mint  

Fitch Ratings has said the Indian telecom sector is improving on the back of rational competition and moderating capex, and that it expects telecom companies to now focus on profitability and 5G monetisation to boost free cash flow. The American rating firm forecast that Ebitda for Bharti Airtel and Reliance Jio would grow by around 10% in 2025, driven by …

Starlink India entry faces new hurdle: Reliance pushes for satellite spectrum auction
1 month, 4 weeks 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 …

Spectrum Auction Plea of Ambani, Mittal Rejected
2 months ago

Spectrum Auction Plea of Ambani, Mittal Rejected

Deccan Chronicle  

New Delhi: In a boost to Elon Musk's Starlink, Communications Minister Scindia has said the spectrum for satellite broadband will be allocated and not auctioned as sought by Indian billionaires Mukesh Ambani and Sunil Mittal. While Ambani's Reliance Jio has been vocal about the need to allocate such spectrum through an auction to provide a level playing field to legacy …

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 …

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 …

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 …

Tenth spectrum auction for radiowaves worth ₹96,238 cr begins
6 months, 2 weeks ago

Tenth spectrum auction for radiowaves worth ₹96,238 cr begins

The Hindu  

Auction for ₹96,238 crore worth spectrum began on Tuesday, June 25, 2024, that is expected to see firms like Airtel and Reliance Jio bidding to acquire airwaves that will help augment their 5G services. "The government begins the auction of Spectrum for Telecom Services today at 10:00 AM," an official statement said on Tuesday. "To augment existing telecom services and …

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
9 months, 4 weeks 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 …

Bid to build £15bn mobile titan would damage coverage upgrades, warns rival
10 months, 2 weeks ago

Bid to build £15bn mobile titan would damage coverage upgrades, warns rival

The Telegraph  

A £15bn merger between Vodafone and Three risks leaving rivals with patchier connections unless their market power is curbed, the boss of Virgin Media O2 has suggested. Lutz Schüler warned the tie-up would hand the combined company too much control of valuable radio spectrum used to operate mobile networks. “But we could not support our customers if the deal goes …

DoT goes back on word; Spectrum sale in FY25
10 months, 4 weeks ago

DoT goes back on word; Spectrum sale in FY25

New Indian Express  

NEW DELHI: A day after the Cabinet approved the spectrum auction, the Department of Telecommunications on Friday said it will be able to conduct the auction sometime in June 2024, as the entire process is time-consuming. Two top DoT officials said conducting auctions during this fiscal year or before the election is not possible as it involves technical and legal …

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 …

Minister hopes to complete long-awaited 5G frequency auction before summer
11 months, 1 week ago

Minister hopes to complete long-awaited 5G frequency auction before summer

NL Times  

Telecommunications providers can apply for the auction of new nationwide 5G frequencies for super-fast mobile internet from next month. She hopes to conclude the auction with minimum proceeds of 170 million euros before the summer. "It is good for Dutch consumers and companies that we can now finally start to realize our ambitions in terms of digital mobile infrastructure," said …

Centre's new call on internet spectrum a big win for Elon Musk's Starlink, here's how
1 year ago

Centre's new call on internet spectrum a big win for Elon Musk's Starlink, here's how

Hindustan Times  

In a major win for Elon Musk, the central government has decided against the bidding of spectrum for internet airwaves. This move can potentially smoothen out the entry of Elon Musk's satellite internet service Starlink. Centre's new decision can be a big potential win for Elon Musk's Starlink. As the move comes as a major win for Elon Musk's Starlink …

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 …

First Principles | How Indian telcos are cracking the 5G challenge
1 year, 9 months ago

First Principles | How Indian telcos are cracking the 5G challenge

Hindustan Times  

The Indian telecom business is on the cusp of significant change that’s not immediately apparent. Technically a lot can be done but there are not enough used cases.” While his observation may be true on the ground, it also appears that an altogether different business model may emerge out of India even after the recent hiccups faced by the Adani …

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 …

India's Reliance Jio selects Nokia as equipment provider in 5G push
2 years, 2 months ago

India's Reliance Jio selects Nokia as equipment provider in 5G push

The Hindu  

Indian telecom service provider Reliance Jio has chosen Nokia as a major supplier, the Finnish telecom equipment maker said on Monday, as India's biggest mobile carrier gears up to expand next-generation wireless services across the country. Nokia will supply Reliance Jio, which has more than 420 million customers, with 5G radio access network equipment in a multi-year deal, the company …

Reliance Industries AGM 2022: With Jio 5G Set To Roll Out By Diwali, All Details About 5G Spectrum Acquired By Jio
2 years, 4 months ago

Reliance Industries AGM 2022: With Jio 5G Set To Roll Out By Diwali, All Details About 5G Spectrum Acquired By Jio

News 18  

Reliance Industries Limited today held its 45th Annual General Meeting where Reliance Chairman Mukesh Ambani announced Reliance Jio’s 5G services rollout. After the 5G spectrum auctions concluded, Reliance Jio confirmed that it has acquired 5G spectrum in India to start its 5G network services using different frequency bands. “With its unmatched 700 MHz spectrum footprint, Jio will be the only …

Demand for 5G phones in ₹10k to ₹15k segment grows four times, says Flipkart
2 years, 4 months ago

Demand for 5G phones in ₹10k to ₹15k segment grows four times, says Flipkart

The Hindu  

The homegrown e-commerce portal, Flipkart, witnessed almost double the searches for 5G smartphones in the first half of 2022 as compared to the same period last year. According to Flipkart’s sales trends, the demand for 5G smartphones in the ₹10,000 to ₹15,000 range has grown nearly four times in the first half of 2022 as against the same period last …

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 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 …

Vi, Jio set to hire more employees as 5G job postings will rise up by 65%- Report
2 years, 4 months ago

Vi, Jio set to hire more employees as 5G job postings will rise up by 65%- Report

India TV News  

As India and other countries take concrete steps to adopt 5G, the number of job postings by telcos related to 5G increased by 65 per cent last month, from 5,265 job postings in January to 8,667 in July, a report showed on Wednesday. Reliance Jio is hiring for 'Lead 5G Core & Cloud Architecture' to support diverse use cases and …

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, 4 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, CEO spells out 2024 vision
2 years, 5 months ago

Airtel to launch 5G services this month, CEO spells out 2024 vision

Hindustan Times  

Bharati Airtel is also set to launch 5G services this month with the telecom giant hoping to cover every town and key rural areas of the country with the services by March 2024. By March 2024 we believe we will be able to cover every town and key rural areas as well with 5G,” Vittal said, news agency PTI reported. …

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 …

With Premium 700Mhz Band In Its Kitty, Reliance Jio Has An Edge Over Rivals
2 years, 5 months ago

With Premium 700Mhz Band In Its Kitty, Reliance Jio Has An Edge Over Rivals

News 18  

With Reliance Jio taking the premium 700MHz in all 22 telecom circles or zones, the company is set to provide its consumers much faster and efficient indoor 5G coverage in highly populated cities like Delhi, Kolkata, Bengaluru, Pune and Chennai to gain more subscribers. WATCH VIDEO: How to transfer files wirelessly from iPhone to Windows laptop Allocation of the 700 …

Vodafone Idea expects 5G services to cost more than 4G, here is why
2 years, 5 months ago

Vodafone Idea expects 5G services to cost more than 4G, here is why

India Today  

Vodafone Idea’s CEO Ravinder Takkar is expecting that the prices of 5G plans will be higher than 4G, according to a report by PTI. The prices of 4G plans were raised back in November 2021 and if the 5G plans will be available at a premium price, then it means that users will have to spend even more. While there …

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 …

Jio and Airtel to spend $22bn on 5G capex
2 years, 5 months ago

Jio and Airtel to spend $22bn on 5G capex

Live Mint  

NEW DELHI : India’s top three telcos could spend $18-22 billion to upgrade and expand their networks over the next five years to roll out 5G services, according to estimates shared by consultant Analysys Mason with Mint. Reliance Jio Infocomm Ltd and Bharti Airtel Ltd, the country’s top two operators, will lead the spending on network equipment and laying fibre …

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 …

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