India's first-ever auction for 5G spectrum entered the seventh day on Monday with players including Jio and Airtel being locked in an intense bidding for the UP East circle
Auctions for 5G spectrum continued for the fifth day on Saturday, after fetching bids worth Rs 1,49,855 crore from players such as Reliance Jio and Bharti Airtel so far.
Analysts say that the war will end if one of the players blinks
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At the end of day three and 16 rounds of bidding, there was no action in any frequency band other than 1800 MHz (used for 2G and 4G) in UP East
Telecom Minister Ashwini Vaishnaw on Thursday said 16 rounds of bidding have been completed in three days
India's 5G spectrum auctions entered Day 3 on Thursday with tenth round of bidding for airwaves that would power lag-free connectivity and ultra-high speed internet
It is 5x more efficient, compared to the 1800 MHz for rural area coverage, and twice as efficient as 900 MHz
After 9 rounds of bidding, govt kitty from spectrum sale touches Rs 1.49 trillion
Though details of the bids are not announced as yet, ICICI Securities said its analysis shows that Jio has likely bid for the highest spectrum worth Rs 80,100 crore
With better than expected Rs 1.45 lakh crore bids coming in on the first day, the auction of 5G spectrum entered the second day on Wednesday with the opening of the fifth round
The opening day of the biggest telecom auction in the country ended with top telecom firms buying spectrum worth more than Rs 1.45 trillion across frequency bands including 5G
700-MHz among major 5G airwaves sold on opening day
The 5G auctions will be a financial boost for Prime Minister Narendra Modi's government, which is trying to tame inflation and rein in the fiscal deficit
The Adanis, after the initial noise as to whether it will get into mobile telephony, will stay clear of consumer 5G mobile
The rupee on Tuesday weakened past 80 per dollar for the first time but went on to recover lost ground
Operators say it could take four to five years at least to build a reasonable sized pan-India 5G network with good coverage
Four bidders together deposit Rs 21,800 crore as earnest money; Jio puts in Rs 14,000 crore
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The Monsoon Session of Parliament will start on Monday and will see the election of a new President of India