5G services are likely to be rolled out by September and October, says Ministry
The Government has sold 71% or 51,236 MHz of the 72,098 MHz spectrum to auction offered for Rs.150,173 crore, setting the telecom sector on a growth path with 5G services likely to be rolled out by September or October this year.
The process of allocation of spectrum shall be completed within the timeframe and 5G services are likely to be rolled out by September and October, the Ministry of Communications said on 2 Aug 2022.
The spectrum auction also shows that the telecom sector is on a growth path, it added.
The bid winners were:
Rs.212 crore by Adani Data Networks, Rs.43,048 crore Bharti Airtel Ltd, Rs.88,078 crore by Reliance Jio Infocomm and Rs.18,799 crore by Vodafone idea Ltd.
The annual installment to be paid by all the participants is Rs. 13,365 crore.
The interest rate in computing annual installments is 7.2% and some participants may make more upfront payment.
Adani Data Networks Ltd has obtained 400 MHz spectrum in mm wave band (26 GHz).
Bharti Airtel Ltd has obtained 19,867.8 MHz in 900, 1800, 2100, 3300 MHz and 26 GHz bands.
Reliance Jio Infocomm Ltd has obtained 24,740 MHz spectrum in 700, 800, 1800, 3300 MHz and 26 GHz.
Vodafone Idea Ltd has obtained 6,228 MHz spectrum in 1800, 2100, 2500, 3300 MHz and 26 GHz. fiinews.com
