Bidding for 5G spectrum under way as auction enters day 7

India’s first-ever auction for 5G spectrum entered the seventh day on Monday with players including Jio and Airtel being locked in an intense bidding for coveted 1800 Mhz frequencies mainly for the UP East circle.

The cumulative spectrum sale crossed the Rs 1.50 lakh crore milestone on the sixth day of bidding on Sunday.

The bidding price and demand for spectrum in the UP East circle flared up once again on Sunday, after the situation eased a bit on the previous day.

So far, in the six days of auction of the 5G spectrum capable of offering ultra-high-speed internet, bids worth Rs 1,50,130 crore have been received. Seven new rounds of bidding held on Sunday `dialled in’ an incremental Rs 163 crore.