5G Spectrum Auction:
An auction of the 5G spectrum is going on in the country. This auction started on Tuesday, July 26.
The government has told that if there is more demand for spectrum, then the process of auction can continue.
The Government of India has told that on the very first day's auction, it got more bids than expected.
After the first day's bidding, the government received bids for spectrum worth over Rs 1.45 lakh crore.
Earlier, many analysts were estimating the government to get Rs 1.09 lakh crore in the auction of the 5G spectrum.
Central Minister Ashwini Vaishnav said that the allocation of the spectrum will be done before August 15.
This time the auction of the spectrum has become more interesting with Adani Data Network participating in the auction.
Apart from Adani, Reliance Jio, Bharti Airtel and Vodafone Idea are participating in this 5G spectrum auction.
The Government of India is going to auction a total of 72GHz spectrum, which is worth around Rs 4.3 lakh crore.
This time around 72 thousand MHz spectrum in total nine bands is going to be auctioned for a period of 20 years.