DAY 3: 5G SPECTRUM BIDS VALUE REACHES RS 1,49,623 CRORE, AUCTION TO CONTINUE

The government received bids worth Rs 1,49,623 crore at the end of day three of the 5G spectrum auction on Thursday.

According to Union Minister of Communications, Electronics and Information Technology Ashwini Vaishnaw, 16 rounds of biddings were completed till the end of the third day of the auction. The auction will continue on the fourth day on Friday.

On the opening day of the auction on Tuesday bids worth Rs 1.45 lakh crore were received. Four rounds of spectrum bidding were done on the first day. Wednesday saw five rounds of the auction, taking the total rounds to nine.

On the third day of the auction on Thursday, another seven rounds of the auction were conducted taking the number to 16. The fourth day of the auction will start with the 17th round on Friday. Four firms are in the fray for the 5G auction: Reliance Jio Infocomm Limited, Bharti Airtel Limited, Vodafone Idea Limited and Adani Data Networks Limited. Reliance Jio has been the most aggressive in the bids followed by Bharti Airtel.

TDG Network

Recent Posts

US Supreme Court Justice Raises Eyebrows with Question About PornHub

The U.S. Supreme Court is reviewing Texas's age verification law for adult websites, with potential…

2 minutes ago

Mumbai Police Suspects Saif Ali Khan’s Maid Let the Attacker Inside Home

Saif Ali Khan was injured while intervening in a fight between his domestic help and…

10 minutes ago

Adani Group Shares Surge Following Hindenburg Research’s Shutdown

Adani Group shares experienced significant gains, led by Adani Power, following the announcement of Hindenburg…

22 minutes ago

Ibrahim Rushes Bleeding Father Saif Ali Khan to Hospital in Auto After Stabbing Incident

Saif Ali Khan, injured in a stabbing incident, was taken to the hospital in an…

37 minutes ago

Debunking 10 Common Myths About HPV Vaccination: What You Need to Know

HPV (Human Papillomavirus) vaccination is an essential preventive measure to protect against several strains of…

50 minutes ago

Space Milestone Alert!: Jeff Bezos’ Blue Origin launches New Glenn Rocket On First Test Flight | WATCH

Blue Origin’s New Glenn rocket launched successfully from Cape Canaveral, showcasing reusability and advancing commercial…

51 minutes ago