India’s 5G Auction: List of companies bidding for 5G network in India

5G Spectrum auction 2022: India’s 5G auction is all set to start on July 26, 2022, and the country’s four local companies will be in the race to bid for India’s first 5G spectrum ahead of a planned rollout of 5G in 2023. The list of the companies who will bid for the 5G spectrum in India includes some major mobile operator names and one of them was a surprise entry for everyone.

A total of 72 gigahertz of 5G Spectrum will be on the block for which the winning bids will retain the rights for 20 years. In total, four bidders have put up Rs. 218 billion in earnest money, the mandatory sum which is required to confirm a contract of the 5G network. The amount of earnest money deposited by the bidders provides an indication of the amount of the spectrum a company wishes to buy.

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

As India prepares to roll out next-generation 5G services through this auction, we are one of the many applicants participating in the open bidding process: Adani Group pic.twitter.com/jdsH0Gwjm2

— ANI (@ANI) July 9, 2022

5G Auction in India: List of companies bidding for 5G in India

5G Auction in India: What can be expected out of auction?

With the introduction of 5G in India, it is expected that the Mid and High band spectrum will be utilized by the Telecom Service Providers to roll out 5G Technology-based services that will be capable of providing speed and capacities which would be about 10 times higher than what is possible through the current 4G services.

The upcoming 5G network also has the potential to create new-age businesses, provide employment arising from the deployment of innovative use-cases and technologies and generate additional revenue for enterprises.

5g Auction in India: Which cities will receive 5G Services?

The 5G Services will roll out in 13 major cities:

1. Mumbai
2. Bangaluru
3. Delhi
4. Gurugram
5. Kolkata
6. Lucknow
7. Pune
8. Chennai
9. Gandhinagar
10. Hyderabad
11. Jamnagar
12. Chandigarh
13. Ahmedabad

5G Auction in India: Who is spending what for 5G sale in India?

Mukesh Ambani’s Jio is expected to lead the spending followed by Bharati Airtel while the analysts see less participation from Vodafone Idea and Adani Group. Reliance Group has made an Earnest Money Deposit (EMD) of Rs. 14,000 crores while the rival Adani Group has made a modest of Rs. 100 crores deposit recently.

While the EMD suggests that Jio, the country’s largest telecom company by subscribers, may be bidding very aggressively in the upcoming auctions, the Adani Group may be looking to buy the bare minimum spectrum that is needed to set up the private network.

Earnest Money Deposit (EMD) of all the four applicants seeking 5G Radiowaves this time adds up to Rs. 21,800 crores which are substantially higher than Rs. 13,475 crores deposited in the 2021 auction when three players for the 5 biddings were in the race.

What is 5G?

5G, in telecommunications, is the fifth-generation technology standard for broadband cellular networks, which the cellular phone companies began deploying worldwide in 2019. 5G is a planned successor to the 4G networks which provide connectivity to the most recent cellphones. 5G networks are predicted to have more than 1.7 billion subscribers worldwide by 2025.

In addition to 5G being faster than the existing networks, it will also have higher bandwidth and can thus connect more different devices, improving the quality of internet services in crowded areas.

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