Business

5G auctions today: Expected to get 1 lakh crore from spectrum auction, these four companies are in the race

Photo:India TV 5G Auction today

Highlights

  • 5G service will be about 10 times faster than 4G services
  • Jio expected to spend more during the auction
  • Jio deposited an amount of 14,000 crores with the department for auction

5G auctions today: The auction process for 5G spectrum began at 10 am on Tuesday. Bidding can be done till 6 pm. The continuation of the auction process will depend on the incoming bids and the strategy of the bidders. Apart from existing telecom service providers Reliance Jio, Bharti Airtel and Vodafone Idea, Gautam Adani’s company Adani Enterprises is also going to bid for 5G in this round of spectrum auction. Reliance Jio, Bharti Airtel are the frontrunners in the auction.

Super fast internet will clear the way

The Department of Telecommunications is expected to generate revenue in the range of Rs 70,000 crore to Rs 1,00,000 crore from the auction of 5G spectrum. The industry expects spectrum to be sold around the reserve price. The introduction of 5G services in the country will pave the way for providing very high speed internet services. 5G service will be about 10 times faster than existing 4G services. Reliance Jio is expected to spend more during the auction. Airtel is also expected to lead the race with limited participation from Vodafone Idea and Adani Enterprises. Reliance Jio has deposited an amount of Rs 14,000 crore with the department for the auction while Adani Enterprises has deposited Rs 100 crore.

5G Auction today

Image Source : India TV

5G Auction today

Indigenous manufacturing will be encouraged

According to industry experts, 5G in India will empower tech companies, enterprises and ecosystem players to build private networks and drive next-generation digital transformation to achieve the country’s goal of becoming a $1 trillion digital economy. important for. According to the Broadband India Forum (BIF), this will lead to better efficiencies, increased productivity and production for enterprises, accelerate digitization, boost efficiencies, promote indigenous manufacturing and ultimately bring greater economic benefits for the country. TV Ramachandran, President, BIF said, “As we look to strengthen India’s position as one of the leading digital economies across the globe, along with manufacturing, supply chain and R&D, dedicated captive private 5G networks The advancement of enterprises through

Latest Business News

function loadFacebookScript(){
!function (f, b, e, v, n, t, s) {
if (f.fbq)
return;
n = f.fbq = function () {
n.callMethod ? n.callMethod.apply(n, arguments) : n.queue.push(arguments);
};
if (!f._fbq)
f._fbq = n;
n.push = n;
n.loaded = !0;
n.version = ‘2.0’;
n.queue = [];
t = b.createElement(e);
t.async = !0;
t.src = v;
s = b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t, s);
}(window, document, ‘script’, ‘//connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘1684841475119151’);
fbq(‘track’, “PageView”);
}

window.addEventListener(‘load’, (event) => {
setTimeout(function(){
loadFacebookScript();
}, 7000);
});
,

Back to top button