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5G spectrum auction extends to 3rd day; receives bids worth Rs 1.49 lakh cr on Day 2

The Indian Express Original article ›
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The Indian government has received bids of Rs. 1.49 lakh crores for 5G spectrum auction from companies led by Reliance Jio, Bharti Airtel, and Adani. The 700 megahertz band important for coverage for distant and remote locations also received strong bids which is seen as a positive development. Previous auction in 2015 raised 1.09 lakh crore rupees making the 1.49 lakh crore rupees auction in 2022 a significant advance.



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