Surprising announcement after the huge auction

Bharti Airtel is the second largest bidder in the 5G spectrum process. (representative)

New Delhi: 5G telecom services are likely to be launched in India by October this year as the government on Monday successfully completed a spectrum auction that was surveyed for over Rs 1.50 crore in bids by four companies including Reliance Jio, Bharti Airtel and Vodafone Idea and Adani Data Networks.

In a media briefing after the bidding for 5G spectrum ended, the Union’s Minister of Communications, Electronics and Information Technology, Ashwini Vaishnau, said that 51,236 MHz or about 71 per cent of the total 72,098 MHz of spectrum offered in the auction had been sold. .

There have been 40 rounds of bidding in the past seven days. The total value of the bid is Rs 1,50,173 crore.

Speaking to ANI, Mr. Vaishnau said that allocation of spectrum to successful bidders will be done by August 10 and 5G services are likely to be launched in the country by October this year.

“The auction has been completed and in the next few days until August 10, all procedures including approval and assignment of the spectrum will be completed,” he said.

“It looks like we will be able to launch 5G in the country by October. The ongoing 5G spectrum auction indicates that the country’s telecom industry has come a long way in 5G developments,” the minister said.

Mr. Vaishnau said better availability of spectrum would improve the quality of telecom services in the country.

Reliance Jio Infocomm Limited has submitted bids worth Rs 88,078 crore representing 58.65 per cent of the total value of Rs 1,50,173 crore received by the government in the 5G spectrum auction.

Jio has submitted bids for 24,740MHz at 700MHz, 800MHz, 1800MHz, 3300MHz and 26GHz.

Bharti Airtel has submitted bids worth Rs 43,084 crore for the 19867.8MHz spectrum in the 900MHz, 1800MHz, 2100MHz, 3300MHz and 26GHz frequency bands.

Vodafone Idea Limited has submitted bids worth Rs 18,799 crore for 6,228 MHz at 1800 MHz, 2100 MHz, 2500 MHz, 3300 MHz and 26 GHz.

Four companies are competing for the 5G auction. Adani Data Networks Limited has submitted bids worth Rs 212 crore for 400MHz in the 26GHz frequency band.

Reliance Jio has submitted bids for 24,740MHz of spectrum at 700MHz, 800MHz, 1800MHz, 3300MHz and 26GHz.

Responding to the auction results, Akash M Ambani, President of Reliance Jio Infocomm said: “We have always believed that India would become a leading economic power in the world by embracing the power of cutting-edge technologies. It was this vision and conviction that gave birth to Jio. The speed, scale and societal impact of Jio’s 4G rollout. It is unmatched anywhere in the world. Now, with greater ambition and stronger determination, Jio is set to lead India’s march towards the 5G era.”

‘We will celebrate’Azadi Ka Amrit MahutsavWith the introduction of Pan India 5G. Jio is committed to providing services that support 5G and 5G networks on a global level at affordable prices. “We will provide services, platforms and solutions that will accelerate the digital revolution in India, particularly in vital sectors such as education, healthcare, agriculture, manufacturing and e-governance,” Ambani said in a statement.

Bharti Airtel has submitted bids worth Rs 43,084 crore for 19867.8MHz spectrum in the 900MHz, 1800MHz, 2100MHz, 3300MHz and 26GHz frequency bands in the 5G spectrum auction that concluded on Monday.

Bharti Airtel is the second largest bidder in the 5G spectrum process. Reliance Jio is the largest bidder, accounting for 58.65 per cent of the total value of Rs 1,50,173 crore.

“Airtel is pleased with the results of the 5G auction. This acquisition of spectrum in the recent auction was part of a deliberate strategy to purchase the best spectrum assets at a much lower relative cost compared to our competition,” Gopal Vital, MD & CEO of Bharti Airtel said in a statement.

“This will allow us to scale up innovation and address the emerging needs of every discerning customer who demands the best experience in India. We are confident that we will be able to deliver the best 5G experience in India in terms of coverage, speeds and latency.”

Mr. Vital said the new spectrum obtained through the auction will allow Bharti Airtel to change many established models for B2C and B2B customers.

“5G technology is the revolution that can transform manufacturing, services and many other sectors in India. We remain fully committed to India’s digital government vision and will continue to do what is required to ensure India becomes a beacon to the world in terms of technology,” said Mr. Vital.

(Except for the headline, this story has not been edited by the NDTV crew and is published from a syndicated feed.)

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