The 5G spectrum auction's highest bidder was Mukesh Ambani's Reliance Jio, which paid Rs 88,078 crore to acquire more than half of the airwaves on offer.
According to Telecom Minister Ashwini Vaishnaw, the Adani group paid Rs 212 crore for 400 MHz, or less than 1 per cent of all spectrum sold.
Additionally, Jio has obtained the 700 MHz band. If you are preparing for competitive exams and looking for expert guidance, you can download our General Knowledge Free Ebook Download Now.
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THE KEY POINTS
- Jio bought spectrum in multiple bands, including the highly sought-after 700 MHz band, which can offer 6–10 km of signal range and works well as a basis for fifth generation (5G) across the nation's 22 mobile service circles.
- The 26 GHz band, which is not for public networks, was bought by Adani Group.
- A single towner can cover a bigger region if 700 Mhz is used.
Information on the 5G spectrum auction:
- Sunil Bharti Mittal, the owner of Bharti Airtel, spent Rs 43,084 crore for a 19,867 MHz airwave that spans several bands.
- Vodafone Idea Ltd paid Rs 18,784 crore for the spectrum. Bids of 150,173 crore rupees were received, according to Vaishnaw.
- Of the 72,098 MHz of spectrum offered over 10 bands, 51,236 MHz, or 71 per cent, were bought.
- The government would be paid Rs 13,365 crore for the spectrum in the first year.
- The Union Minister stated that the 5G services might go live by October.
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Source: Safalta.com
