5G launch in India: Roll out by October, spectrum allocation by Aug 10
5G telecom services is likely to be launched in India by October this year as the government on Monday successfully completed the spectrum auction mopping up over ₹1.50 lakh crore in bids by four companies including Reliance Jio, Bharti Airtel, Vodafone Idea and Adani Data Networks.
Addressing a media briefing after the end of the bidding for 5G spectrum, Union Minister of Communications, Electronics and Information Technology Ashwini Vaishnaw said out of the total 72,098 MHz of spectrum on offer, 51,236 MHz or around 71 per cent has been sold in the auction.
Total 40 rounds of bidding were conducted in the past seven days. The total value of the bid stands at ₹1,50,173 crore.
Talking to ANI, Vaishnaw said the allocation of the spectrum to the successful bidders would be done by August 10 and the 5G services are likely to be launched in the country by October this year.
"Auction has been completed and in the next few days, till August 10, all formalities including approving and allocating the spectrum will be done," he said.
"It seems we would be able to launch 5G in the country by October. The ongoing 5G spectrum auction indicates that the country's telecom industry has come a long way in 5G advancements," the minister said.
Vaishnaw said that better availability of spectrum will improve the quality of telecom services in the country.
Reliance Jio Infocomm Limited has made bids worth ₹88,078 crore accounting for 58.65 per cent of the total value of ₹1,50,173 crore received by the government in the 5G spectrum auction.
Jio has made bids to acquire 24,740 MHz spectrum in 700 MHz, 800 MHz, 1800 MHz, 3300 MHz and 26 GHz.
Bharti Airtel has made bids worth ₹43,084 crore to acquire 19867.8 MHz spectrum in 900 MHz,
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