5G auction: Jio buys spectrum worth Rs 88,078, Airtel spends Rs 43,084


The 5G spectrum auction in India concluded on August 1, 2022, with Mukesh Ambani-led Reliance Jio acquiring the largest share of the pie by acquiring 24,740 MHz of spectrum for Rs 88,078 crore. Sunil Bharti Mittal-led Bharti Airtel then spent Rs 43,084 crore for 19867.8 MHz spectrum. Vodafone Idea, on the other hand, acquired 3300MHz in mid-band 5G spectrum and 26GHz in mmWave 5G spectrum in 17 priority circles.

In all, the three telcos together with the Adani Group bid for 71 per cent of the total 5G spectrum worth Rs 1,50,173 crore. “Around 72,098 MHz of spectrum was offered for auction and out of which 51,236 MHz have been sold,” IT Minister Ashwini Vaishnav said at the conclusion of 5G auction in India today.

Reacting to the development, Pankaj Mohindroo, President, India Cellular and Electronics Association (ICEA) said that the 5G auction will help give a boost to the already fast growing 5G mobile handset market in India. “We are glad that the 5G rollout has formally started. This will be a huge boost to the economy. As always the mobile handset industry is already ready with over 125 models in the market, 15K benchmarks breached and 10k in sight,” he told BGR India.

live in 5g auction

As mentioned earlier, Reliance Jio spent the most in the 5G spectrum auction that concluded today. The company acquired spectrum in 700 MHz, 800 MHz, 1800 MHz, 3300 MHz and 26 GHz bands in all 22 circles for a period of 20 years. The company said it has acquired 220 units in the 700 MHz band, 20 units in the 800 MHz band, 60 units in the 1899 MHz band, 2440 units in the 3300 MHz band and 22,000 units. In all, 24,740 MHz spectrum would cost the company Rs 7,877 per annum without 7.2 per cent interest, which the company would have to pay more and more.

Jio said that it has achieved a unique combination of low-band, mid-band and mmWave spectrum, which combined with our fiber network will enable the company to provide 5G connectivity not only to consumers but also to enterprises.

“We will celebrate ‘Azadi Ka Amrit Mahotsav’ with a pan-India 5G rollout. Jio is committed to providing world-class, affordable 5G and 5G-enabled services. Akash Ambani, Chairman, Reliance Jio Infocomm, said in a statement, “We will provide services, platforms and solutions that will drive India’s digital revolution, especially in critical sectors such as education, health, agriculture, manufacturing and e-governance.”

Vodafone Idea in 5G auction

Coming to Vi, the company said that it has acquired 3300 MHz of mid-band 5G spectrum in its 17 priority circles and
26GHz in mmWave 5G spectrum in its 16 circles. The company said that the move will enable it to offer 5G customers more power while strengthening its enterprise offerings. While the company did not give details of how much it spent in the 5G auction in India, it did share a detailed breakup of the 5G airwaves it received during the auction. here are the details:

Image: Vi

In addition, the company also secured 4G spectrum in three circles of Andhra Pradesh, Karnataka and Punjab, which the company said, “will further enhance the customer experience; An area where we have been leading the league table for the past several quarters as per the third party reports consistently.”

Airtel in 5G auction

On the other hand, Airtel was the second largest spender in the 5G spectrum auction in India. The company acquired 19,800MHz of 5G spectrum in the 3.5GHz and 26GHz bands. In addition, the company also achieved 5G airwaves in the mid-band spectrum. Overall, the company spent Rs 43,084 crore to buy 5G airwaves for a period of 20 years.

The company said it has accumulated the largest pool of low and mid band spectrum (sub Ghz/1800/2100/2300 bands) that can be used to provide 5G coverage and huge potential in the 3.5GHz and 26GHz bands. will enable To ‘create 100X efficiencies at the least cost’.

“We are confident that we will be able to provide the best 5G experience in India in terms of coverage, speed and latency. This will allow us to change the paradigms we have established for both our B2C and B2B customers. Gopal Vittal, MD & CEO, Bharti Airtel said in a statement, 5G technology is the revolution that can transform India’s manufacturing, services and many other sectors.

Adani Group in 5G auction

According to a report in The Economic Times, Gautam Adani’s Adani Data Networks spent Rs 212 crore to buy 400MHz spectrum in the 26GHz band.

Post 5G auction: Jio buys spectrum for Rs 88,078, Airtel spends Rs 43,084, appears first on BGR India.

Read full article here

Leave a Reply