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The central government will, on Tuesday, start the biggest spectrum auction of airwaves capable of offering fifth-generation or 5G telecom for ultra-high-speed internet, which will pave the way for 10 times faster services. Four applicants will participate in the bidding race.
The battle for India's fifth-generation airwaves is luring some of the countrys richest tycoons, with billionaires Mukesh Ambani and Gautam Adani joining a raft of players expected to bid as much as $14 billion for frequency rights that could decide who dominates the digital era.
Apart from existing players – Mukesh Ambani and Sunil Bharti Mittal's firms – Gautam Adani is a surprising new entrant.The battle for India's fifth-ge
India's first auction of 5G spectrum, that powers ultra-high data speeds, is currently underway with a total of 72 GHz (gigahertz) of radiowaves worth at least Rs 4.3 lakh crore up for bidding. �� 5G Spectrum India Auction Begins: Reliance Jio, Bharti Airtel, Vi & Gautam Adani Among Biggest Bidders.
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