Adani, Jio, Airtel, Voda to bid for 5G spectrum
New Delhi, July 12
Billionaire Gautam Adani-led Adani Data Networks, Reliance Jio, Bharti Airtel and Vodafone Idea have applied to participate in the upcoming 5G auction, according to a list issued by the Department of Telecom (DoT) on Tuesday.
Auction to begin on July 26
- A total of 72,097.85 MHz of spectrum worth at least Rs 4.3 lakh crore will be put on the block during the auction, set to commence on July 26
- The auction will be held for spectrum in various low (600 MHz, 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz), mid (3300 MHz) and high (26 GHz) frequency bands
The spectrum auction, scheduled to start on July 26, may see aggressive bids for some frequency bands, with the entry of Adani Data Networks and established players Reliance Jio and Bharti Airtel looking to strengthen their hold in the industry.
Applicants have time till July 19 to withdraw their applications.
Adani Group on Saturday said it is in the race to acquire spectrum, which it said will be used to create a private network to support its businesses from airports to power and data centres.
A total of 72,097.85 MHz of spectrum worth at least Rs 4.3 lakh crore will be put on the block during the auction, set to commence on July 26, 2022. The auction will be held for spectrum in various frequency bands.
