India’s 5G spectrum auction has finally ended. The auction for 51,236 MHz of the total 72,098 MHz spectrum was announced by Ashwini Vaishnaw, the Telecom Minister. This spectrum, which is valued at Rs. 1,50,173 crore and makes up around 71% of the entire spectrum, is included. Reliance Jio won the auction with the highest bid, buying over half of the airwaves offered for sale in the 5G spectrum auction.
Several bands of the 5G spectrum were bought by Reliance Jio, including the 700MHz, 800MHz, 1800MHz, 3300MHz, and 26GHz bands. Jio, owned by billionaire Mukesh Ambani, has stated that India will soon see a 5G rollout. The recently appointed Reliance Jio Chairman, Akash Ambani, announced that the business would roll out 5G throughout all of India in honor of “Azadi ka Amrit Mahotsav.”
In order to commemorate “Azadi ka Amrit Mahotsav,” Reliance Jio claimed it will bring out “the world’s most advanced 5G network throughout India.” When India commemorates its 75th anniversary of independence on August 15, the company may disclose some information.
Jio placed the highest offer at the 5G spectrum auction, purchasing bands for Rs 88,078 crore. This includes the highly sought-after 700MHz 5G spectrum, which is supposed to provide a stronger signal.
The telco has over 400 million active users. Jio further stated that its 5G solution is made in India, by Indians and to suit the need of every Indian. “Jio is fully ready for 5G rollout in the shortest period of time because of its nationwide fiber presence, all-IP network with no legacy infrastructure, indigenous 5G stack, and strong global partnerships across the technology ecosystem,” the company further said in its press release.
Jio’s arch-rival Airtel was the second highest bidder. Airtel bought 19,867 MHz airwaves across different bands for Rs 43,084 crore. Vodafone Idea (Vi) bought spectrum for Rs 18,784 crore. 5G services are expected to roll out in India by October.