Recently, India saw the biggest 5G spectrum auction. The auction lasted underwent 40 rounds of intense bidding over many frequency ranges.
The auction saw Reliance Jio as the top bidder with bids that amounted to Rs 88,078 crore. The next positions were followed up by Bharti Airtel, Vodafone Idea and Adani Data Networks.
The total spectrum sale’s revenue amounted to Rs 1,50,173 crore. The telecom minister, Ashwini Vaishnaw asserted that through the auction, enough spectrum for nationwide coverage was sold. India’s history of spectrum auction dates back to the year 2001. The auctions were conducted for the first time then. India stood at around four million mobile phone users at that time. With that, the spectrum allotment along with telecom license fee arrived at an amount of Rs 1651 crore. Thus India turns out to be a nation, who sold their 5G spectrum at a much cheaper price than the 2G spectrum.
In the recent 5G spectrum, Jio paid an amount of Rs 88,078 crores for all 22 circles and for other frequencies as well. It was followed by Bharti Airtel, who paid an amount of Rs 43,084 crore.
Recently a Twitter handle tweeted a post that stated Unesco’s declaration of India as the first country to sell its 5G spectrum cheaper than the 2G spectrum. Although, India sold it’s 5G spectrum at a cheaper price than the 2G spectrum, our fact check analysis draws conclusion that UNESCO did not make any statement about India’s 5G spectrum auction. The information about UNESCO making such a statement is false.
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— saliltripathi (@saliltripathi) August 6, 2022
