26 Jul, 22 26 Jul, 22 5g in india, 5G telephony, biggest-ever auction Qrius Quotient: India Brings In The 5G Era With Largest-Ever Auction News By The Numbers: India’s biggest spectrum auction of 5G airwaves worth has started today. By Qrius India’s biggest spectrum auction for 72 GHz (gigahertz) of 5G airwaves worthINR 4.3 lakh crore has started todayThe auction is to take place between 10 am and 6 pm, may last up to 2 daysThe 5G spectrum bands up for auction are classified as:Low: 600 MHz, 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHzMid: 3300 MHzHigh: 26 GHz) INR 70,000 crore to INR 1,00,000 crore is expected to be earned from the 5G auctions Department of TelecomMuNICATIONSEarnest Money Deposit (EMD) amounts give an indication of a player’s appetite, strategy and plan in an auctionJio has made aINR 14,000 crore, Adani Group has put in INR 100 croreEMD of all the four applicants seeking 5G spectrum share is? 21,800 crore, in 2021 it was INR 13,475 crore, making Jio the clear leaderPlayers can bid for radio waves worth up to 7-8 times the EMD amounts submitted India has also allowed firms to pay in 20 equal instalments with 0 upfront payment as it tries to catch up with 5G leaders such as South Korea and ChinaBloombergUltra-fast 5G is 10 times faster than 4G, allowing you to download a 5 GB movie in 35 seconds, against 40 minutes in 4G; 2 hours in 3G and 2.8 days in 2G Bipartisan Policy CenterStay updated with all the insights.Navigate news, 1 email day.Subscribe to Qrius