New Delhi: Union Minister of Communications, Electronics and Information Technology Ashwini Vaishnaw in his address in a media briefing after the end of the bidding for 5G spectrum said that out of the total 72,098 MHz of spectrum on offer, 51,236 MHz or around 71% has been sold in the auction.

The fifth generation (5G) telecom services is likely to be launched in India by October this year as the Union Government on Monday successfully completed the spectrum auction mopping up over ₹ 1.50 lakh crore in bids by four companies including Reliance Jio, Bharti Airtel, Vodafone Idea and Adani Data Networks.

The Minister said a total of 40 rounds of bidding were conducted in the past seven days. The total value of the bid stands at ₹ 1, 50,173 crore. The Minister said that the aid the allocation of the spectrum to the successful bidders would be done by August 10^th and the 5G services are likely to be launched in the country by October this year. Auction has been completed and in the next few days, till August 10^th, all formalities including approving and allocating the spectrum will be done, he said.

It seems we would be able to launch 5G in the country by October. The ongoing 5G spectrum auction indicates that the country’s telecom industry has come a long way in 5G advancements, he said. Better availability of spectrum will improve the quality of telecom services in the country, he added.

Reliance Jio Infocomm Limited has made bids worth ₹ 88,078 crore accounting for 58.65% of the total value of ₹ 1, 50,173 crore received by the government in the 5G spectrum auction. Jio has made bids to acquire 24,740 MHz spectrum in 700 MHz, 800 MHz, 1800 MHz, 3300 MHz and 26 GHz. Bharti Airtel has made bids worth ₹ 43,084 crore to acquire 19867.8 MHz spectrum in 900 MHz, 1800 MHz, 2100MHz, 3300 MHz and 26 GHz frequency bands. Vodafone Idea Limited has made bids worth ₹ 18,799 crore to acquire 6,228 MHz spectrum in 1800 MHz, 2100 MHz, 2500 MHz, 3300 MHz and 26 GHz.

Four firms are in the fray for the 5G auction. Adani Data Networks Limited has made bids worth ₹ 212 crore to acquire 400 MHz spectrum in 26 GHz frequency band. Reliance Jio has made bids to acquire 24,740 MHz spectrum in 700 MHz, 800 MHz, 1800 MHz, 3300 MHz and 26 GHz. Bharti Airtel has made bids worth ₹ 43,084 crore to acquire 19867.8 MHz spectrum in 900 MHz, 1800 MHz, 2100MHz, 3300 MHz and 26 GHz frequency bands in the 5G spectrum auction that concluded on Monday.

Bharti Airtel is the second biggest bidder in the 5G spectrum action. Reliance Jio is the biggest bidder accounting for 58.65% of the total valued at ₹ 1, 50,173 crore.