The auction for over 10,500 megahertz of mobile service radiowaves, valued at more than ₹96,238 crore began at 10 am, according to an official statement on Tuesday.
This marks the 10th spectrum auction since the online bidding process for radiowaves began in 2010.
The previous auction, held in August 2022, included radio waves for 5G services for the first time.
The Department of Telecommunications (DoT) initiated the current spectrum auction, issuing a notice inviting applications (NIA) on March 8.
Here are the latest updates on the auction:
According to telecom expert Parag Kar, Reliance Jio can bid for 37.36% of the total spectrum value based on EMD, Bharti 13.07% and Vodafone Idea 3.73%.
As per Kar’s analysis, Jio may be keen on bidding for 800 Mhz band only, which may lead to an estimated cash flow of ₹18,000 crore.
Reliance Jio has deposited the highest earnest money of ₹3,000 crore for the spectrum auction, which provides the company with the potential to bid for maximum radio waves.
According to pre-qualified bidder details released by the Department of Telecommunications, Bharti Airtel has submitted the earnest money deposit (EMD) of ₹1,050 crore and Vodafone Idea (VIL) of ₹300 crore.
Telecom industry body Cellular Operators Association of India Director General SP Kochhar said the 5G auctions will catalyse the rapid rollout of 5G services across the country, leading to enhanced coverage and vastly improved connectivity.
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