5G Spectrum Auction: Reliance Jio paid Rs 14000 crore earnest money to participate in the auction

5G Spectrum Auctioning: From July 26, 2022, the auction of 5G spectrum will start in the country. The Department of Telecommunications has released the list of pre-qualified bidders, according to which Reliance Jio has deposited Rs 14,000 crore as earnest money with the Department of Telecommunications for participating in the auction. Deposit) have been deposited. At the same time, Bharti Airtel has deposited Rs 5500 crore. Vodafone Idea is also preparing to participate in the auction of 5G spectrum loudly and has deposited Rs 2200 crore. At the same time, Adani Data Networks, the telecom company of Adani Group, has deposited Rs 100 crore in preparation to participate in 5G spectrum.

Let us tell you that the central government is going to auction 72 GHz spectrum worth Rs 4.3 lakh crore, which is starting from July 26. It is believed that the government will get revenue of Rs 80,000 to 1 lakh crore from the auction of 5G spectrum. Whichever company will get 5G spectrum in auction, they will be allotted 5G spectrum for 20 years. Various concessions have been given to the companies bidding in 5G spectrum. No advance payment will be required to be made for spectrum acquired in auction. To be paid in 20 installments at the beginning of every financial year.

However, many brokerage houses are of the view that the Adani Group’s foray into the telecom sector may also start a race for spectrum. However, Adani Group has clarified on participating in the auction that it is not going to enter the field of mobile service for common users, but will provide Private Network Solution. Will use the spectrum as a private network from airports to provide cyber security for its ports, power transmission and to expand its businesses. However, experts believe that sooner or later the Adani Group may enter the mobile telephony business for the general consumers, due to which the tariff war in the telecom sector may start again after 2016 to grab the customers. .

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