India’s biggest spectrum auction for 72 GHz (gigahertz) of 5G airwaves worth INR 4.3 lakh crore has started today
The auction is to take place between 10 am and 6 pm, may last up to 2 days
The 5G spectrum bands up for auction are classified as:
Low: 600 MHz, 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz
Mid: 3300 MHz
High: 26 GHz)
INR 70,000 crore to INR 1,00,000 crore is expected to be earned from the 5G auctions
Department of TelecomMuNICATIONS
Earnest Money Deposit (EMD) amounts give an indication of a player’s appetite, strategy and plan in an auction
Jio has made a INR 14,000 crore, Adani Group has put in INR 100 crore
EMD 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 leader
Players 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 China
Bloomberg
Ultra-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 Center
Stay updated with all the insights.
Navigate news, 1 email day.
Subscribe to Qrius