5G Auction: The 6th round of the auction, Jio has been the highest bidder

Today is Day 2 of the 5G Spectrum Auction process, so far five round of bidding has been done and the sixth round is currently underway.

According to the reports of CNBC, round 6 is not likely to last for a long time. Some are estimating that round may be the last round for bidding.

As far as the takeaways are concerned, there has been some interesting numbers from the ministry. The bid that happened on day 1 was 1.45 lakh crore rupees. It was massively higher than the government’s estimation for about 80,000 crore rupees.

The 700 MHz spectrum which remained unsold in 2016 and 2021 was bid by Jio across all circles.

While many telecom providers have been bidding for the mid-range spectrum, the Adani group is also seen to bid in for the high spectrum.

These are currently the initial details of the ongoing auction and let’s see whether round 6 will be the last round in the 5G Spectrum Auction.

The 5G spectrum offers ultra-fast speeds (approximately ten times faster than 4G), a lag-free connection, and the ability for billions of linked devices to communicate data in real-time.

It enables solutions such as e-health, connected vehicles, more immersive augmented reality and metaverse experiences, life-saving use cases, and advanced mobile cloud gaming, among others, in addition to powering ultra-low latency connections that allow downloading full-length high-quality video or movie to a mobile device in a matter of seconds, even in crowded areas.