5G spectrum auction enters Day 3; 10th round of bidding underway

India’s 5G spectrum auctions entered Day 3 on Thursday with tenth round of bidding for airwaves that would power lag-free connectivity and ultra-high speed internet.

On Wednesday, the auctions garnered Rs 1.49 lakh crore as aggressive bidding across multiple bands by players like Reliance Jio and Bharti Airtel sustained the tempo, and pushed the sale over to the third day.

As many as five rounds of bidding were conducted on Wednesday, and Telecom Minister Ashwini Vaishnaw said “good competition” was seen in almost all bands on offer.