5G spectrum auction to start on Tuesday; Reliance Jio, Bharti Airtel among 4 cos in fray

The 5G spectrum auction will begin on Tuesday with four players, including Reliance Jio and Bharti Airtel NSE -0.33 %, set to bid for 72 GHz of radiowaves worth Rs 4.3 lakh crore on offer. The bidding process is scheduled to start on Tuesday from 10 am and go on till 6 pm.

The number of days of auction will depend on the actual demand for radiowaves and strategy of individual bidders, sources in the Department of Telecom said.