5G Auction: Jio spent 87 thousand crores to get maximum airwaves, Airtel, VI also challenged

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5G Auction: Jio spent 87 thousand crores to get maximum airwaves, Airtel, VI also challenged


Today, we are going to discuss about 5G Auction:Jio spent 87 thoushand crores to get maximum airwaves,Airtel,VI also challenges.

Reliance In the 5G spectrum auction, Jio emerged as the highest bidder with plans to provide nationwide 5G internet at lightning speeds. In the roughly Rs 1.5 lakh crore spectrum auction, Jio has acquired airwaves worth about Rs 87,000 crore. By October of this year, the Indian government hopes to have 5G available throughout the nation. This technology reportedly has a data speed that is about ten times faster than 4G. This next-generation network is regarded as crucial globally for cutting-edge technologies like self-driving cars and artificial intelligence.

In addition to Reliance Jio, other bidders included Bharti Airtel, Vodafone-Idea, and an affiliate of Gautam Adani’s Adani Enterprises. Telecom Minister Ashwini Vaishnav reportedly stated that the companies purchased 71% of the total 72 GHz spectrum that was up for auction.

The auction also included discussions about a division of Gautam Adani’s business. For roughly $27 million, it purchased the airwaves (about Rs 215 crore). Notably, the business does not intend to provide customised services. Instead, it seeks to occupy the market for private 5G networks. The government is allowing auction winners to pay the dues in 20 equal annual instalments in order to assist the cash-strapped telecom sector.

Since Jio began this price war in 2016, pressure has been applied to Airtel and Vodafone. Due to this, both businesses were experiencing losses as well as unpaid spectrum debt. The recent increase in mobile data rates has assisted Airtel in turning a profit once more.

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Speaking of the auction, Jio, Airtel, and Vodafone have purchased the majority of the spectrum. These companies received spectrum valued at $5.4 billion and $2.4 billion, or roughly Rs 43,000 crore and Rs 19,000 crore, respectively. The telecom minister said during a press conference that the spectrum purchased is sufficient to cover all of the country’s circles. In the following three years, he predicted that 5G coverage in India will be “very good.” Telcos bid aggressively during the auction despite all the worries.

HIGHLIGHTS:

  • India’s telecom minister predicts “very good” 5G coverage within the next three years.
  • In the 5G auction, Airtel spent 43,000 crores and Vi spent 19,000 crores.
  • The company owned by Gautam Adani purchased airwaves for about Rs 215 crore.
  • A 1.5 trillion rupee spectrum auction was held. By October of this year, the Indian government hopes to have 5G available throughout the nation.

India’s 5G coverage will be “very good” in the coming three years, according to the telecom minister.

Reliance In the 5G spectrum auction, Jio emerged as the highest bidder with plans to provide nationwide 5G internet at lightning speeds. Jio has acquired airwaves worth about Rs 87,000 crore. By October of this year, the Indian government hopes to have 5G available throughout the nation. This technology reportedly has a data speed that is about ten times faster than 4G. This next-generation network is regarded as crucial globally for cutting-edge technologies like self-driving cars and artificial intelligence.

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In addition to Reliance Jio, other bidders included Bharti Airtel, Vodafone-Idea, and an affiliate of Gautam Adani’s Adani Enterprises. Telecom Minister Ashwini Vaishnav reportedly stated that the companies purchased 71% of the total 72 GHz spectrum that was up for auction.

Airtel spent 43,000 crores, while Vi spent 19,000 crores.

The auction also included discussions about a division of Gautam Adani’s business. For roughly $27 million, it purchased the airwaves (about Rs 215 crore). Notably, the business does not intend to provide customised services. Instead, it seeks to occupy the market for private 5G networks. The government is allowing auction winners to pay the dues in 20 equal annual instalments in order to assist the cash-strapped telecom sector.

The Union Minister of Communications, Electronics, and Information Technology, Ashwini Vaishnaw, stated during a press conference following the conclusion of the 5G spectrum auction that 51,236 MHz, or roughly 71 percent, of the total spectrum on offer totaled 72,098 MHz.

The company owned by Gautam Adani purchased airwaves for about Rs 215 crore.

Since Jio began this price war in 2016, pressure has been applied to Airtel and Vodafone. Due to this, both businesses were experiencing losses as well as unpaid spectrum debt. The recent increase in mobile data rates has assisted Airtel in turning a profit once more.

When it comes to the spectrum auction, Jio, Airtel, and Vodafone have purchased the most. These companies received spectrum valued at $5.4 billion and $2.4 billion, or roughly Rs 43,000 crore and Rs 19,000 crore, respectively. The telecom minister said during a press conference that the spectrum purchased is sufficient to cover all of the country’s circles. According to him, India’s 5G coverage will be “extensive” in the following three years.

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