Quick Telecast
Expect News First

5G spectrum auction enters Day 3; 10th round of bidding underway

0 58





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.


On Wednesday, the auctions garnered Rs 1.49 lakh crore as aggressive bidding across multiple bands by players like Reliance Jio and Bharti Airtel sustained the tempo, and pushed the sale over to the third day.


As many as five rounds of bidding were conducted on Wednesday, and Telecom Minister Ashwini Vaishnaw said “good competition” was seen in almost all bands on offer.


Vaishnaw expressed happiness at the response received for the coveted 700 MHz band, which did not find any takers in the last two auctions held in 2016 and 2021.


“The sector is coming with new energy and that is reflected in response to 5G auctions,” Vaishnaw told reporters on Wednesday.


Firms run by tycoons Mukesh Ambani, Sunil Bharti Mittal and Gautam Adani as well as Vodafone Idea had put in bids worth Rs 1.45 lakh crore on the opening day on Tuesday when four rounds were held, and incremental demand for airwaves came in five rounds held on Wednesday.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor







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.


On Wednesday, the auctions garnered Rs 1.49 lakh crore as aggressive bidding across multiple bands by players like Reliance Jio and Bharti Airtel sustained the tempo, and pushed the sale over to the third day.


As many as five rounds of bidding were conducted on Wednesday, and Telecom Minister Ashwini Vaishnaw said “good competition” was seen in almost all bands on offer.


Vaishnaw expressed happiness at the response received for the coveted 700 MHz band, which did not find any takers in the last two auctions held in 2016 and 2021.


“The sector is coming with new energy and that is reflected in response to 5G auctions,” Vaishnaw told reporters on Wednesday.


Firms run by tycoons Mukesh Ambani, Sunil Bharti Mittal and Gautam Adani as well as Vodafone Idea had put in bids worth Rs 1.45 lakh crore on the opening day on Tuesday when four rounds were held, and incremental demand for airwaves came in five rounds held on Wednesday.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

FOLLOW US ON GOOGLE NEWS

Read original article here

Denial of responsibility! Quick Telecast is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.

Leave a comment
Ads Blocker Image Powered by Code Help Pro

Ads Blocker Detected!!!

We have detected that you are using extensions to block ads. Please support us by disabling these ads blocker.

buy kamagra buy kamagra online
Immediate Access Pro