5G auction stretches to 4th day; Bids worth Rs 1,49,623 crore received so far

On Wednesday, the auctions garnered Rs 1.49 lakh crore as aggressive bidding across multiple bands by players like Reliance Jio and Bharti Airtel sustained the tempo, and pushed the sale over to the third day.

5G auction stretches to 4th day; Bids worth Rs 1,49,623 crore received so far
As many as five rounds of bidding were conducted on Wednesday, and Telecom Minister Ashwini Vaishnaw said "good competition" was seen in almost all bands on offer.

The auction of 5G spectrum for telephony services will stretch to the fourth day on Friday after 16 rounds of bidding fetched bids worth Rs 1,49,623 crore.

Telecom Minister Ashwini Vaishnaw on Thursday said 16 rounds of bidding have been completed in three days and the auction will continue on Friday.

Bids worth Rs 1,49,623 crore have been received at the end of the third day, he said.

This is marginally higher than Rs 1,49,454 crore-worth bids received at the end of the ninth round on Wednesday, the second day of the auction.

The minister said industry is committed to taking services to rural areas.

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