August 14, 2022

The 5G auction in India kicks off today.  These are the companies participating in the race

The 5G auction in India kicks off today. These are the companies participating in the race

The number of 5G subscribers in India is expected to rise to 500 million by 2027, according to a report. Cell phones in this vast country have become almost indispensable even among rural Indians, with a farmer here being seen taking a selfie during a protest in a stock photo from 2019.

Vishal Bhatnagar | Afp | Getty Images

5G auction kicks off in India on Tuesday and four local companies will race to bid for the country’s first 5G spectrum before Planned rollout in 2023.

The bidders will include all three major mobile operators in India: Reliance Jio, the market leader, Bharti Airtel and Vodafone Idea.

The sudden entry of Indian billionaire Gautam Adani as the fourth contender could still rock the boat.

5G refers to the fifth generation of high-speed mobile internet that promises ultra-fast download speeds that can support technologies such as driverless cars and virtual reality.

what a total 72 GHz of 5G spectrum It will be on the block, where the winning bids will retain their rights for 20 years.

In total, the four Bidders they put up $2.7 billion (218 billion Indian rupees) In serious money, the mandatory amount required to confirm the contract. The amount of serious money deposited provides an indication of how much spectrum a company is willing to buy.

Corporate bids for 5G spectrum in India

5G Bidders Make money (in Indian rupees)
Reliance Geo 140 billion
Bharti Airtel 55 billion
Vodafone idea 22 billion
Adani data networks 1000000000

The auction Will see aggressive bidding by Reliance Industries Jio, which has deposited 140 billion rupees of earnest money with the government – the largest amount among the contenders.

Other major mobile operators include Bharti Airtel which has placed Rs 55 billion and Vodafone Idea which has deposited Rs 22 billion of earnest money.

Adani enters the 5G race

The Adani group The conglomerate, which mainly works in infrastructure, has put only INR 1 billion as earnest money, allowing it to bid on only a limited amount of spectrum.

Before the identity of the fourth bidder was revealed, there had been speculation of a new competitor in the mobile network and data space, fueling expectations for the higher bid.

However, the company moved to quell the speculation. When contacted by CNBC, the Adani Group dismissed plans to enter the mobile business.

“We are participating in the 5G spectrum auction to provide private network solutions as well as enhance cybersecurity in airports, ports, logistics, power generation, transmission and distribution, and various manufacturing operations,” the group said in a statement.

While a little amount of serious money Ruling out Adani’s nationwide entry into the mobile space, it still leaves room for enough spectrum to provide coverage in big cities like Mumbai and New Delhi, which is an important market.

according to A recent report from Ericssonone of the leading providers of 5G devices in the United States

“By then, smartphone users in the region are expected to consume 50GB of data per month on average,” the report said, adding that “there is already a good basis for 5G uptake” in the country.

The report, citing a recent study, said there is a strong consumer interest in adopting 5G. It estimated that about 40 million smartphone users could use 5G in the first year of its availability.