Скачать или смотреть 5G Auction: Bid Amount Exceeds Rs 1.45 Lakh Crore On Day 1

Telecom Minister Ashwini Vaishnaw on Tuesday stated that the bid amount for India's first auction of 5G spectrum exceeded Rs 1.45 lakh crore on first day of bidding. Earlier bid amount for spectrum auctions was Rs 1.09 lakh crore. The bidding, which started at 1000 hrs today, will carry over into the next day if there exists a demand for spectrum and bidders are putting in bids.


Addressing a press briefing, Vaishnaw added that four rounds of bids took place on Day 1. Bids were also received for 700 MHz band frequencies. It seems that the telecom industry is moving towards new territory as new tech and new investment is expected, the minister added.

He also added that government is expecting to complete spectrum allocation by August 15 and commence 5G services in India by September or October this year. "Our team is working overtime to meet spectrum allocation post auction," Vaishnaw added.


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