5G to roll out in India soon; Here are some myths around this next-generation telecom technology

5G Auctions: The biggest ever spectrum auction in India, concluded on Monday with bids coming in at over Rs 1.5 lakh cr, which is more than three times the initial expectations. Reliance Industries was the biggest spender in the auction, as it was able to acquire almost half of the total spectrum sold, and was the only one to secure the premium 700 MHz band.

The government was able to sell out a total of 51.2 GHz of spectrum, which is more than 70% of the total 72 GHz spectrum that was up for grabs. According to Union Minister of Communications, Ashwini Vaishnaw, the sale of these frequencies is good enough for covering all the country’s telecom circles in the next two to three years. The estimated revenue that the government will receive from the sale of these frequencies is Rs 13,365 crore.