- LATEST
- WEBSTORY
- TRENDING
BUSINESS
5G spectrum auction: Which cities will roll out 5G? Know list of companies, how much money is at stake
The 5G spectrum auction made big news on Tuesday when the bid by the four companies surpassed Rs 1.45 lakh crore on the first day.
Updated : Jul 27, 2022, 07:19 PM IST | Edited by : Vaishnawi Sinha
 "5G spectrum auction: Which cities will roll out 5G? Know list of companies, how much money is at stake")
TRENDING NOW
)
Pakistan quietly beats India in 8 areas, becomes number 1 in the world in...
)
After IAS officers Tina Dabi and Smita Sabharwal, marksheet of CBSE class 12 topper Keshav Bhatia goes viral, check his scores in different subjects
)
Regena Cassandrra reacts to box office failure of Kesari Chapter 2: 'This would affect Akshay Kumar' | Exclusive
)
Bollywood actress Anushka Sharma reveals why she cut out sugar, milk, and bread from her diet
)
This actor forcibly kissed 15-year-old actress, left her traumatised, in tears, then laughed while justifying the act; he is...
)
Agra to Mumbai in just 10 hours: New Vande Bharat Sleeper Train to cut travel time between these two cities, check distance, stoppages, ticket price
)
In a first, EAM Jaishankar holds talks with Taliban minister, welcomes Kabul for condemning Pahalgam terror attack, here's all you need to know
)
After IAS officer Smita Sabharwal, class 12th marksheet of CBSE topper Savi Jain goes viral, check her scores in different subjects
)
Madhuri Dixit's billionaire husband Shriram Madhav Nene owns many luxury cars: Here's a look at his net worth, car collection
)
Dharmendra's lucky shirt that made him star, he wore it from 1968 to 1970, did 3 films in it, all became blockbusters, they were...
)
Amid India-Pakistan tension, Priyanka Chopra gets brutally trolled for old clip of Quantico showing Hindu as..: 'Yeh bhi anti-national nikli'
)
Meet woman, Indian CEO who over-shadowed Kiara Advani, Isha Ambani at Met Gala 2025; is Harvard, MIT graduate, she is from...
)
Forgotten Soviet-era spacecraft Kosmos-482 returns to Earth after five decades, it was stuck in Earth orbit due to...
)
Meet woman, first cleared NEET, prepared for UPSC while working night shift at hospital, passed exam with AIR...
)
Elvish Yadav says wife of Navy officer killed in Pahalgam terror attack is his friend: 'Hum log saath...'
The rollout of the much-awaited 5G network, promising to give super-fast connectivity, is now in process in India, with the 5G spectrum auction currently underway, which has sparked a four-way bidding war between some big telecom companies.
The 5G spectrum auction kicked off yesterday, July 26, with four companies bidding for the spectrum of the network in India once it’s rolled out. The auction for the 5G network surpassed all records, with the bid crossing Rs 1.45 lakh crore only on Day 1.
The government received confirmed spectrum bids worth Rs 1.45 lakh crore after the completion of four rounds of spectrum bidding on an opening day on Tuesday, as per PTI reports. Mentioned below are the four companies that are currently bidding in the 5G spectrum auction.
5G spectrum auction: List of companies in bid
- Reliance Jio
- Bharti Airtel
- Vodafone-Idea
- Adani group firm
Though details of the bids are not announced as yet, ICICI Securities said its analysis shows that Jio has likely bid for the highest spectrum worth Rs 80,100 crore, and likely opted for 10MHz spectrum in the premium 700MHz band, as per PTI reports.
Where will 5G be rolled out first?
According to the Department of Telecommunications (DoT), the 5G rollout will initially be done in thirteen cities. Here’s a list of potential cities where 5G will be rolled out –
- Ahmedabad
- Bengaluru
- Chandigarh
- Delhi
- Chennai
- Gandhinagar
- Gurugram
- Hyderabad
- Jamnagar
- Kolkata
- Lucknow
- Mumbai
- Pune
Till now, no information regarding the telecom operators who will roll out 5G has been released yet, but the information is expected to be out soon after the spectrum auction. It has also been predicted that 5G network will be of significantly higher rates than 4G.
Money at stake in 5G spectrum bid
The first day of the 5G spectrum bid saw a record-high rate of Rs 1.45 lakh crore on Tuesday, with the bid on Day 2 expected to go even higher. The details of the highest bidders have not been released, and the details will be out once the auction concludes.
According to ICICI Securities, Reliance Jio has most likely opted for a 10MHz spectrum in the premium 700MHz band and has become the highest bidder in the auction till now, bidding as many as Rs 80,000 crores on Day 1.
Meanwhile, Bharti Airtel may have bid for spectrum worth Rs 45,000 crore, spending 20 percent more than expected, possibly in 1800MHz and 2100MHz bands. Vodafone Idea Ltd has likely bid for Rs 18,400 crore for spectrum, while Adani Data Networks should have picked 26GHz spectrum pan-India, as per PTI reports.
(With PTI inputs)
