5G Spectrum Auction:

The government has told that if there is more demand for spectrum, then the process of auction can continue.

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The Government of India has told that on the very first day's auction, it got more bids than expected.

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After the first day's bidding, the government received bids for spectrum worth over Rs 1.45 lakh crore.

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Earlier, many analysts were estimating the government to get Rs 1.09 lakh crore in the auction of the 5G spectrum.

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Central Minister Ashwini Vaishnav said that the allocation of the spectrum will be done before August 15.

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This time the auction of the spectrum has become more interesting with Adani Data Network participating in the auction.

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Apart from Adani, Reliance Jio, Bharti Airtel and Vodafone Idea are participating in this 5G spectrum auction.

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The Government of India is going to auction a total of 72GHz spectrum, which is worth around Rs 4.3 lakh crore.

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This time around 72 thousand MHz spectrum in total nine bands is going to be auctioned for a period of 20 years.

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