On Day 7 of 5G spectrum auction Jio and Airtel continue their fierce competition for UP East

1 Aug 2022 , 02:33 PM

Monday marked the start of the seventh day of India’s first-ever 5G spectrum auction, which saw competitors like Jio and Airtel engaged in fierce competition for prized 1800 Mhz frequencies, mostly for the UP East region.

On Sunday’s sixth day of bidding, the whole spectrum sale passed the Rs 1.50 lakh crore milestone. After things calmed down a little the day before, the bidding price and demand for spectrum in the UP East circle flared up once more on Sunday.

The 5G spectrum that can provide ultra-high-speed internet has been up for sale for six days, and so far, bids totaling Rs 1,50,130 crore have been submitted. On Sunday, seven further rounds of bidding raised the total to an additional Rs 163 crore. The seventh day of the auction starts today, and the 38th round of bidding is already in progress. About 71% of the total spectrum put up for sale has been tentatively sold as of Friday.