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©️ Tech Scan - 2022
According to an ET report, Reliance Jio and Airtel are likely to spend close to Rs 60,000 crore and Rs 50,000 crore in the upcoming 5G spectrum auction. Adani Data Networks, a wholly-owned subsidiary of Adani Group, is expected to spend up to Rs 15,000 crore, while Vodafone Idea (Vi) might spend Rs 6,000 crore.

There may be an intense fight between Jio, Airtel and Adani to get the mid-band spectrum. Adani Group also wants to provide services in the B2B domain with 5G.

The telcos weren’t already happy with the reserve price of the airwaves. Now, this tough fight from the Adani Group would make this worse. It might get too costly for the telecom operators to roll out 5G networks in India because of this.

Indian Government to Benefit from This
But all of this would be a good thing for the Indian government, which would be netting all the revenues from the spectrum auction. The report mentions that Jio, Airtel, Adani, and Vi have put in Rs 6500 – Rs 7500 crore, Rs 6000 – Rs 7000 crore, Rs 2000 – Rs 2500 crore and Rs 600 – Rs 700 crore as earnest money deposits (EMD). #Adani5G #Jio5G #5GAuction



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