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India’s 5G spectrum auction has entered its seventh day with the government receiving bids worth ₹1.50 lakh crores until Sunday, July 31. The 5G auction began on July 26 in India where the three major telecom companies.
Department of Telecom received total bids worth Rs 1.45 lakh crore on the first day of the much-awaited auction of the 5G telecom spectrum, said Union Communications Minister Ashwini Vaishnaw.
The Centre also decided to merge BSNL with Bharat Broadband Nigam Limited in order to augment its fiber network.
The much-awaited auction for the 5G telecom spectrum commenced on Tuesday. Reliance Jio, Adani group, Bharti Airtel and Vodafone Idea are the four major participants in the auction.
The Union Cabinet chaired by Prime Minister Narendra Modi had recently approved the Department of Telecommunications (DoT)'s 5G spectrum auction through which spectrum will be assigned to bidders to provide 5G services to the public as well as enterprises.