5G spectrum auction underway: 4 firms in frav
The Free Press Journal|July 27, 2022
A TOTAL OF 72 GHZ OF AIRWAVES WORTH AT LEAST RS 4.3 LAKH CR ON BLOCK
5G spectrum auction underway: 4 firms in frav

India's first auction of 5G spectrum, that powers ultra-high data speeds, is currently underway with a total of 72 GHz (gigahertz) of radiowaves worth at least Rs 4.3 lakh crore up for bidding.

Billionaire Mukesh Ambani's Reliance Jio, Sunil Mittal-led Bharti Airtel, Vodafone Idea and a unit of billionaire Gautam Adani's flagship Adani Enterprises are in the race to bid for 5G spectrum, that offers speeds about 10 times faster than 4G, lag-free connectivity, and can enable billions of connected devices to share data in realtime.

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