5G auction enters third day, bids for Rs 1.49 trillion received

On the second day of the 5G auction on Wednesday, telecom operators committed bids worth Rs 1.49 trillion. The first day saw total bids by telcos at Rs 1.45 trillion. The auction is likely to be over on Thursday and the maximum bid amount is not likely to cross Rs 1.60 trillion.

There was good activity in the 700 MHz and 3,300 Mhz bands. Also, there was intense bidding in 1,800 MHz band for UP (East) circle, with an excess demand of 21 at the end of 9th round. Due to excess demand, the price has also increased for the circle. All the operators were bidding for the circle. Apart from this, price increment has not taken place in any other spectrum band in any circle. The reason price increment has not taken place is because enough spectrum quantity has been made available by the government.