The first day of the spectrum auction ended with telecom operators placing bids worth about Rs 11,000 crore. The day saw five rounds of bidding. The government has put over 10,500 Mhz spectrum valued at Rs 96,238 crore on the block.
“Telecom operators have placed bids of around Rs 11,000 crore on Day 1. The auction will resume on Wednesday,” a source privy to the development said. At the end of fourth round at around 3 PM on Tuesday, telecom operators showed interest around four specific spectrum bands including 900 MHz, 1,800 MHz, 2,100 MHz, and 2,500 MHz.
The auction, which began at 10 am, involves over 10,500 MHz of mobile services spectrum worth more than Rs 96,238 crore, according to an official statement. “There was activity in four spectrum rounds initially — 900 MHz, 1,800 MHz, 2,100 MHz, and 2,500 MHz bands. The auction entered its fourth round around 3 PM,” said a source familiar with the matter.
Overcome digital divide
The Cellular Operators Association of India (COAI), which is the industry body of top telcos, expressed optimism about the auction’s potential to enhance connectivity across the country.
In its statement, COAI underlined the importance of the successful completion of the 5G spectrum auctions. “5G auctions will expedite the rollout of 5G services nationwide, leading to improved coverage and connectivity,” the statement read. Additionally, COAI highlighted that successful 5G deployment would significantly contribute to digital inclusion.
“These auctions will help bridge the digital divide, ensuring that even remote areas gain access to high-speed internet, fostering economic opportunities and social advancement,” COAI added. The auctions reflect a commitment to “Viksit Bharat,” laying the groundwork for a digitally empowered India.
