With better than expected Rs 1.45 lakh crore bids coming in on the first day, the auction of 5G spectrum entered the second day on Wednesday with the opening of the fifth round
The opening day of the biggest telecom auction in the country ended with top telecom firms buying spectrum worth more than Rs 1.45 trillion across frequency bands including 5G
700-MHz among major 5G airwaves sold on opening day
The 5G auctions will be a financial boost for Prime Minister Narendra Modi's government, which is trying to tame inflation and rein in the fiscal deficit
The Adanis, after the initial noise as to whether it will get into mobile telephony, will stay clear of consumer 5G mobile
The rupee on Tuesday weakened past 80 per dollar for the first time but went on to recover lost ground
Operators say it could take four to five years at least to build a reasonable sized pan-India 5G network with good coverage
Four bidders together deposit Rs 21,800 crore as earnest money; Jio puts in Rs 14,000 crore
India's medical devices imports surged 41 per cent to touch Rs 63,200 crore in 2021-22, led by a 48 per cent year-on-year (YoY) jump in imports from China. Read more in our top headlines
The Monsoon Session of Parliament will start on Monday and will see the election of a new President of India
In the run-up to the much-awaited 5G spectrum auction, the first part of a series looks back to find a pattern
Trial comes ahead of a 5G spectrum auction this month and amid a battle among telecom and IT companies on spectrum allotment for private networks
Given that the Adani group and Vodafone Idea are also looking to play a limited part in the auction, analysts say the figure could hit around Rs 1 trillion from the sale of these two bands alone
Just the threat that Adani might eventually come after the $2-per-month customer could see capital-starved Vodafone Idea buckle, in which case he could swoop in on it later
Airtel stock fell over 5%, while RIL closed 1.3% higher after being down for most of the day
The telecom department's upcoming auction includes the coveted 5G band needed for high-speed internet connectivity
The applicants include three telecom service providers - Bharti Airtel, Reliance Jio and Vodafone Idea
As India prepares for 5G spectrum auction next month, the Broadband India Forum said that not allowing direct spectrum allocation to enterprises will be anti-competitive and only favour the operators
Nomura estimates saving of Rs 1,400-3,000 crore for telecom firms
The infusion, the second in two months, comes ahead of the 5G spectrum auction that will see Indian telecom companies battle for airwaves in multiple bands