In India’s second 5G spectrum auction, telecom companies bid a total of Rs 11,340 crore for 141.4 MHz of airwaves, just 12% of the reserve price. Bharti Airtel emerged as the highest bidder, followed by Vodafone Idea, while Reliance Jio bid conservatively despite depositing Rs 3,000 crore earnest money. The lukewarm bidding, contrasting with a record auction in 2022, reflects telecoms’ focus on renewing licenses rather than expansive acquisitions. Bands like 900 MHz, 1800 MHz, 2100 MHz, and 2500 MHz attracted interest, underscoring strategies to maintain and enhance service capabilities amid evolving market dynamics.
India’s Second 5G Spectrum Auction Sees Subdued Response
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