Stay updated with breaking news from Adani Data. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The fifth generation (5G) telecom services is likely to be launched in India by October this year as the government on Monday successfully completed the spectrum auction.
Get latest articles and stories on Business at LatestLY. The fifth generation (5G) telecom services is likely to be launched in India by October this year as the government on Monday successfully completed the spectrum auction mopping up over Rs 1.50 lakh crore in bids by four companies including Reliance Jio, Bharti Airtel, Vodafone Idea and Adani Data Networks. Business News | 5G Services in India to Be Launched by October, Spectrum Allocation by Aug 10.
Ashwini Vaishnaw, the telecom minister, said this spectrum auction has garnered Rs 1.49 lakh crore for the government, reports PTT. These are remarkable numbers, and the spectrum auction stretching to the third day is a happy note for the government, which would have expected the bidding to die down on day 2 itself.
The government on Wednesday received bids worth Rs 1.49 lakh crore on day two amid aggressive bidding by Reliance Jio and Bharti Airtel.
India’s 5G spectrum auction has entered its third and likely the last day with commercial 5G services rollout now closer than ever before.