New Delhi:
4G spectrum is currently being used in India. The Telecommunication Commission has taken steps to upgrade it to 5G spectrum. Tests were also carried out for this purpose.
Following the completion of these trials, the central government recently announced the auction of 5G spectrum. There was fierce competition among various telecom companies to get the 5G spectrum bid.
In this auction, there was fierce competition between 4 companies namely Airtel, Vodafone, Reliance Jio and Adani Data Network.
All 4 companies have paid up to Rs 21 thousand 800 crore as deposit for this auction. Reliance Industries has paid the maximum advance of Rs.16,000 crore. It is said that this company is likely to get the bid.
Airtel has paid Rs 5,500 crore and Vodafone Idea Rs 2,200 crore in advance. It has been reported that Adani Data Networks has made an advance payment of Rs.
Through the 5G spectrum auction, the central government will get Rs. It is said that the revenue will be 4 lakh 30 thousand crores. The auction for this was held today from 10 am to 6 pm.
In this case, four rounds of this auction have ended today. It has been reported that the fifth round will be held tomorrow.
The 5G spectrum service is expected to start in a couple of months. The service will be introduced in major cities first and then gradually rolled out in other cities as well. By using this service, the video streaming speed will increase significantly. Downloading videos is also easy.