5G spectrum auction: What is 5G spectrum, how does the auction work and when will it be rolled out?
After months of preparation, the 5G auction in India has finally begun today. The long awaited dream of becoming a 5G capable nation for India is now in its final stages. The 5G spectrum auction started today, July 26, at 10 AM and the process will go on for a few days till the entire spectrum is auctioned. According to reports, 72GHz of radiowaves will be disbursed for a total amount of Rs. 4.3 lakh crore. The bidding is currently underway and now the individual stakeholders will buy the spectrum based on their business strategy and demand of radiowaves to create operational 5G infrastructure. Read on to know what 5G spectrum is, how the auction process works and what is the expected timeline for actual 5G rollout in India.
5G is the fifth-generation mobile network. It follows up after 3G and 4G networks and adds more speed and reduced latency to the network to make connectivity faster, across a greater bandwidth and more instantaneous in nature. The biggest benefit of 5G will be the ability to transfer huge amounts of data in just seconds. For reference, the 5G network in South Korea reaches more than 400 Mbps, meaning you can download 1 GB worth of data in just a little over two seconds.
The maximum speed possible on a 4G network is 150 Mbps while the maximum speed on a 5G network is 10Gbps. It is expected that wide-spread 5G networks can propel cutting-edge technology like augmented-reality, virtual reality, metaverse and wide-network online gaming.
Four bidders are participating in the 5G auction namely Adani Enterprises, Bharti Airtel, Reliance Jio, and Vi (formerly known as Vodafone Idea). All the four participants had deposited EDM (Earnest Money Deposit) ahead of the auction to be eligible for the process. For the
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