Govt mops up Rs 1,49,855 crore at end of day 4 of 5G spectrum auctions

The government added another Rs232 crore to its kitty from India’s first 5G spectrum auction on Friday, taking its total proceeds to Rs 149,855 crore at the end of day four, driven entirely by the fight for the 1800 MHz in UP (East) which ensured that the action will now move into day five.

The fourth day of the sale saw seven more rounds of bidding. Day five will start from round 24, with some industry watchers expecting the sale to go onto Monday.