Buoyed by record bids in the auction of 5G spectrum, Ashwini Vaishnaw said he expects investments to be infused into both fourth and fifth generation technologies
Jio acquired 24,740 MHz spectrum, Airtel made a successful bid of Rs 43,084 cr, Vodafone Idea bought spectrum for Rs 18,784 cr, says Telecom Minister Ashwini Vaishnaw
The National Institute of Virology in Pune on Monday confirmed the death of a 22-year-old man from Punnayur in Thrissur district of Kerala as the first case of monkeypox death in India.
The mop-up from the 5G spectrum is almost double at Rs 77,815 cr worth 4G airwaves sold last year and triple of Rs 50,968 cr garnered from a 3G auction in 2010
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 the UP East circle
Ambani's Reliance Jio Infocomm Ltd. is the top player in India's mobile market, while the Adani Group doesn't even have a license to offer wireless telecommunications services
Seven new rounds of bidding held on the sixth day of auction on Sunday 'dialled in' an incremental Rs 163 crore, propelling the cumulative spectrum sale beyond the Rs 1.5 trn-mark
The pitched battle in UP East circle - where demand for 1800 MHz had peaked since Wednesday - seems to be cooling off now, indicating that the auctions may be entering the final leg, say sources
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.
Seven rounds of bidding took place and incrementally Rs 232 cr came in on Friday. In all, 23 rounds of bidding have been conducted so far
Though details of the bids are not announced as yet, ICICI Securities said its analysis shows that Jio has likely bid for the highest spectrum worth Rs 80,100 crore
Hope to complete spectrum allocation by Aug 15; 5G services expected in many cities by 2022-end, says Telecom Minister Ashwini Vaishnaw
The auction is being held for spectrum in various low (600 MHz, 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz), mid (3300 MHz) and high (26 GHz) frequency bands
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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 early-bird results for the April-June 2022 quarter hinted at a decline in earnings, even as corporate revenue continued to grow at a fast clip
While Street is bullish on retail, Jio prospects, near-term O2C outlook led to cuts
Jio gained 9.7 million mobile subscribers in the June quarter, after witnessing a decline for three consecutive quarters
The standalone gross revenue of the company has grown from Rs -- crore in Q1FY22 to Rs -- in Q1FY23
Reliance Q1 PAT is marginally up from the Rs 4,173 crore profit witnessed in Q4 of last fiscal