NEW DELHI: The Department of Telecommunications (DOT) has also made it clear that Adani Data Networks Limited, Reliance Jio Infocomm, Vodafone Idea Ltd and Bharti Airtel Ltd, has received applications for participation in upcoming 5G auction.
The department has clarified that this information is for information only and it should not be construed that this application has been processed or that they are pre-qualified. The auction of 5G spectrum is going to start from July 26, 2022.
Whichever company will get 5G spectrum in the auction, they will be allotted 5G spectrum for 20 years. 72,097 MHz spectrum worth Rs 4.3 lakh crore will be auctioned. Last month itself, the cabinet had allowed the auction following the recommendation of TRAI for the prices of 5G spectrum. Various types of concessions have been given to the bidders in 5G spectrum. No advance payment will be required to be made for spectrum acquired in auction. To be paid in 20 installments at the beginning of every financial year.
However, Brokerages said Adani Group’s entry into spectrum bidding will intensify competition in upcoming auctions as well as the enterprise 5G space. “We are participating in the 5G spectrum auction to provide private network solutions along with enhanced cybersecurity in the airport, ports and logistics, power generation, transmission, distribution, and various manufacturing operations,” Adani group said last week.
However, the Adani Group is going to participate in the auction of 5G spectrum, after which it is believed that the telecom sector may again start a race to snatch away the customers from the tariff war like Reliance Jio. Jio) was seen after the entry.