Day 2 of 5G sale: With ₹4,000 crore topup, bids cross ₹1.49 lakh crore

The government raised another ₹4,000 crore on the second day of the 5G spectrum auctions, taking its total proceeds from the sale to ₹1.49 lakh crore. The action on Wednesday was muted, though some circles saw intense bidding in the mid band or C-band (3.3-3.67 GHz), and high band (26 GHz) for the second successive day.

“So far, at the end of the ninth round, we have grossed about ₹1,49,454 crore. We have been able to successfully generate confidence in the industry,” telecom minister Ashwini Vaishnaw told reporters on Wednesday. The first day ended after four rounds, which had seen bids worth ₹1.45 lakh crore. The government expects the sale to close on Thursday.