India’s first 5G spectrum auction ends with over Rs 1.5 lakh crore in bids

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India’s biggest ever spectrum auction ended Monday, with bids upwards of Rs 1.5 lakh crore coming in after seven days of bidding spread over 40 rounds. Vodafone Idea has placed bids of around Rs 18,500 crore, while a unit of Adani Enterprises has bids of around Rs 5,000 crore. Jio and Airtel were fiercely engaged in intense bidding in Uttar Pradesh East circle for the 1800MHz band.

Reliance Jio spent Rs 88,078 crore and acquired a total of 24.7 GHz of spectrum in the 700 MHz, 800 MHz, 1800 MHz, 3300 MHz and 26 GHz bands, in line with analysts’ predictions. The country’s second largest telco, Bharti Airtel, shelled out Rs 43,084 crore to acquire a total of 19.8 GHz of spectrum in the 900 MHz, 1800 MHz, 2100 MHz, 3300 MHz and 26 GHz bands. Vodafone Idea spent Rs 18,799 crore and bid for the 1800 MHz, 2100 MHz, 2500 MHz, 3300 MHz and 26 GHz bands, acquiring a total of 6,228 MHz of airwaves.

In addition to powering ultra-low latency connections, which allow downloading full-length high-quality video or movie to a mobile device in a matter of seconds (even in crowded areas), Fifth Generation or 5G would enable solutions such as e-health, connected vehicles, more-immersive augmented reality and metaverse experiences, life-saving use cases, and advanced mobile cloud gaming among others. The auction garnered bids worth Rs 1.45 lakh crore on the first day on July 26, with subsequent days seeing only marginal incremental demand in some circles.

 

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