Enters 5th day; 71% spectrum on block sold in first 4 days

Auctions for 5G spectrum continued for the fifth day on Saturday, after fetching bids worth Rs 1,49,855 crore from players such as Reliance Jio and Bharti Airtel so far.

Continued interest for radiowaves has led to stretching of the auction to Saturday, and according to sources, 24th round of bidding is underway.

About 71 per cent of the total spectrum put on the block has been provisionally sold so far, Telecom Minister Ashwini Vaishnaw had said on Friday, terming it a “good response.”

On Friday, seven rounds of bidding took place, and incrementally Rs 231.6 crore was recorded. In all, 23 rounds of bidding were conducted till Friday.