5G spectrum auction to begin tomorrow: What to expect
The auction of 5g telecom spectrum, cleared by prime minister Narendra Modi-led Union cabinet in June, will begin on Tuesday. A total of 72 gigahertz (GHz) of spectrum, worth ₹4.3 trillion and with a validity period of 20 years, will go to sale during the auction. Also Read: Centre clears 5G spectrum auction for 10x faster services, to be held by JulyTherefore, as the bidders get ready, here’s what one can expect: (1.) With business giants such as Adani Group (Gautam Adani), Reliance Jio (Mukesh Ambani), Bharti Airtel (Sunil Bharti Mittal) and Vodafone Idea in the fray, the bidding is likely to be dominated by the quartet.Also Read: Adani, Asia’s richest, is bidding for 5G telecom spectrum auction(2.) Together, the four companies have submitted earnest money deposits of ₹21,800 crore, reported Livemint. This will allow them to bid for spectrum worth ₹2.3 trillion (53% of the total amount).(3.) The report, however, stated, quoting industry analysts, said that telecom service providers were unlikely to big aggressively across the 10 bands that will be put up for auction. Also Read: In 5G battle, Adani vs Ambani vs Mittal for July 26 spectrum auction(4.) Meanwhile, analysts at IIFL Securities expect the four major bidders to purchase spectrum worth ₹1.14 trillion across the 3.5GHz, 26 GHz, 850 MHz and 900MHz bands. The 3.5Ghz band, with nearly 330 units of airwaves worth ₹317 crore per unit, is expected to be the most popular among the bidders.(5.) Within this band, India’s two largest carriers – Jio and Airtel – are likely to pick up between 100MHz and 50-80MHz in key circles. The corresponding figure for Vodafone Idea, in its strong circles of Mumbai, Delhi, Gujarat and Kerala, could be about 40MHz, the report said.(6.) The most meaningful participation may take place in the 26GHz band. Here, Adani Group is likely to pick up 100MHz across the country.
ABOUT THE AUTHOR
Follow the latest breaking news and developments from India and around the world with Hindustan Times’ newsdesk. From politics and policies to the economy and the environment, from local issues to national events and global affairs, we’ve got you covered.
…view detail
