India sees 5G spectrum bids worth Rs 1,49,855 crores

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The 5G spectrum auction saw bids worth Rs 1,49,855 crore after 23 rounds. The bids for 5G airwaves are being led by Reliance Jio, followed by Bharti Airtel, Vodafone-Idea and a Gautam Adani company.According to Union IT Minister Ashwini Vaishnaw, the cumulative bid on Day 3 (Thursday) had reached Rs 1,49,623 crore.

As India prepares for the 5G era, the installed base of smartphones with 5G capabilities crossed 5 crore in the country, according to Counterpoint Research.

Vaishnaw stated that the continued 5G spectrum public sale signifies that the rustic’s telecom trade has come far in 5G developments.

He stated that the trade has emerged to grow to be a dawn trade in India and a benchmark for the sector.

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