Reliance Jio, owned by billionaire Mukesh Ambani, became the highest bidder for 5G spectrum, paying Rs 88,078 crore to buy over half of the airwaves offered in the most recent auction. The Adani group paid Rs 212 crore for 400 MHz, or less than 1% of all spectrum sold, according to Telecom Minister Ashwini Vaishnaw. Jio has also acquired the 700 MHz band.
- While Jio purchased spectrum across several bands, including the coveted 700 MHz band, which can provide 6-10 km of signal range and serves as a good foundation for fifth generation (5G) in all 22 circles in the country.
- Adani Group purchased spectrum in the 26 GHz band, which is not for public networks.
- If 700 Mhz is used, a single towner can cover a larger area.
More about Spectrum auction for 5G:
- Bharti Airtel, owned by telecom mogul Sunil Bharti Mittal, paid Rs 43,084 crore for a 19,867 MHz airwave spread across multiple bands.
- Spectrum was purchased by Vodafone Idea Ltd for Rs 18,784 crore. Vaishnaw said that a total of 150,173 crore rupees in bids were received.
- 51,236 MHz, or 71%, of the 72,098 MHz of spectrum offered over 10 bands, were purchased.
- A payment of Rs 13,365 crore will be made to the government for the spectrum in the first year.
- The 5G services may debut by October, according to the Union Minister.
Important Takeaways for All Competitive Exams:
- Minister for Railways, Communications, Electronics & Information Technology: Ashwini Vaishnaw
- Founder of Bharti Airtel: Sunil Bharti Mittal