5G spectrum public sale: Bidding enters day 4; bids price Rs 1.49 lakh crore obtained thus far

The public sale of 5G spectrum for ultra-high-speed web providers entered day 4 on Friday after garnering bids price Rs 1,49,623 crore in 16 rounds of bidding performed thus far.

The excessive curiosity for spectrum within the 1800 MHz band in Uttar Pradesh East circle noticed Jio and Airtel locked in intense bidding on Wednesday and Thursday, sustaining the tempo and stretching the public sale timelines past preliminary expectations.

Billionaire Mukesh Ambani’s Reliance Jio, Sunil Mittal-led Bharti Airtel, Vodafone Idea and a unit of billionaire Gautam Adani’s flagship Adani Enterprises are within the race to bid for a 5G spectrum that provides speeds about 10 instances quicker than 4G, lag-free connectivity and may allow billions of linked units to share knowledge in real-time.

After a flying begin on Tuesday that noticed gamers pouring in Rs 1.45 lakh crore on day one, the numbers inched up incrementally over Wednesday and Thursday.

Bidding actions resumed on Friday with the seventeenth spherical.

Bids price Rs 1,49,623 crore have been obtained in 16 rounds of bidding until Thursday.

A complete of 72 GHz (gigahertz) of radiowaves price not less than Rs 4.3 lakh crore is on the block.

The public sale is being held for spectrum in numerous low (600 MHz, 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz, 2500 MHz), mid (3300 MHz) and excessive (26 GHz) frequency bands.

In addition to powering ultra-low latency connections, which permit downloading full-length high-quality video or film to a cellular machine in a matter of seconds (even in crowded areas), Fifth Generation or 5G would allow options comparable to e-health, linked autos, more-immersive augmented actuality and metaverse experiences, life-saving use instances, and superior cellular cloud gaming, amongst others.