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Vi 5G Services to Reportedly Rollout in India in 6-7 Months
Vi (Vodafone Idea) CEO Akshaya Moondra has reportedly revealed that the company will be rolling out 5G services in India within a 6-7 month period. He also highlighted that the plans are contingent on monetisation clarity and finalising its external funding. Vi has also failed to meet the minimum rollout obligations placed by the DoT after the 5G s...
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Vodafone Idea Seeks 30-Day Extension to Pay Rs. 1,680 Crore for Spectrum Auction Instalment
Debt-ridden Vodafone Idea has sought 30 days more time to pay around Rs. 1,680 crore for spectrum auction instalment due on Thursday, a senior company official said on Wednesday. The company has proposed to pay the amount with interest.
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Department of Telecom Said to Receive Rs. 17,876 Crore From Operators as Upfront Payment for 5G Spectrum
The Department of Telecom (DoT) is said to have received an upfront payment of Rs. 17,876 crore from telecom operators and Adani Data Networks, ahead of the rollout of 5G services in the country. Operators Reliance Jio, Bharti Airtel and Vodafone Idea have paid their dues based on the bids placed at the recently concluded 5G spectrum auction.
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5G Should Be Priced at Premium to 4G With More Data, Overall Tariffs Expected to Rise, Vodafone Idea MD Says
Vodafone Idea MD Ravinder Takkar said on Thursday that he expects 5G to be priced at a premium with more data bundled with plans compared to 4G services at present. Takkar made the statement during an earnings call, and said the operator has spent a significant amount in acquiring spectrum in the recently-held auctions which calls for a need to cha...
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5G Spectrum Auction Concludes on Monday, India to Launch Services Likely by October
5G spectrum auction completed on Monday with over Rs 1.50 lakh crore in bids by India’s leading telcos — Reliance Jio, Bharti Airtel, Vodafone Idea and Adani Data Networks. The country is likely to launch the fifth generation (5G) telecom services by October. Meanwhile, till August 10, all formalities including approving and allocating the spec...
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5G Spectrum Auction: Reliance Jio Becomes Top Spender; Airtel, Vodafone Idea and Adani in Close Competition
Reliance Jio emerged as the biggest spender in India's 5G spectrum auction, winning airwaves worth $11 billion (nearly Rs. 87,000 crore). Meanwhile, Airtel and Vodafone won spectrum worth $5.4 billion (nearly Rs. 43,000 crore) and $2.4 billion (nearly Rs. 19,000 crore). Meanwhile, Adani purchased airwaves worth nearly $27 million (nearly Rs. 215 cr...
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Reliance Jio Top Bidder in 5G Spectrum Auction, DoT Receives Bids Worth Record 1.5 Lakh Crore
The 5G spectrum auction in India concluded on Monday, with the Department of Telecom (DoT) receiving bids worth a record 1.5 lakh crore. Reliance Jio was the top bidder to the airwaves, followed by Bharti Airtel and Vodafone Idea. Meanwhile, Adani group is said to have bought 26 MHz spectrum for setting up a private telecom network.
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5G Spectrum Auction Enters Day 7: Jio, Airtel Locked in Bidding for Spectrum in UP East Circle
The ongoing 5G spectrum auction in India has seen telecom operators like Reliance Jio, Airtel, Vodafone Idea, Adani bid over Rs. 1.50 lakh crore while the battle for spectrum in UP East appears to be cooling off, in what might be a sign that the auction may be entering its final leg. In all, 72 GHz of radiowaves worth at least Rs. 4.3 lakh crore is...
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5G Spectrum Auction: DoT Receives Bids Worth 1.49 Lakh Crore, as Auction Stretches to Fourth Day
The 5G spectrum auction in India is set to stretch to the fourth day today after 16 rounds of bidding which have fetched bids worth 1,49,623 crore. Reliance Jio, Airtel, Vodafone Idea and a unit of billionaire Adani Enterprises are bidding for 5G spectrum, which is much faster than current generation 4G technology in India.
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5G Spectrum Auction Enters Day 3, Received Bids Worth Rs. 1.5 Trillion So Far
5G spectrum auction has entered its third day of bidding on Thursday. At the end of Day 2 on Wednesday, the auction collected bids worth Rs. 1,49,454 crore. Wednesday saw five rounds of the auction, taking the total rounds to nine. Telecom operators may receive allocation of the spectrum before August 15.
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5G Spectrum Auction Undergoes Fifth Round of Bidding, Services to Roll Out in September
5G spectrum auction in currently undergoing the fifth round of bidding as firms run by tycoons Mukesh Ambani, Sunil Bharti Mittal and Gautam Adani as well as Vodafone Idea have invested huge sums. According to telecom Minister Ashwini Vaishnaw, the response on the first day exceeded all expectations.
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Reliance Jio, Airtel, Vodafone Idea, Adani Bid Rs. 1.45 Lakh Crore for 5G Spectrum on Opening Day
The Department of Telecom (DoT) received bids of about Rs 1.45 lakh crore during the first day of the 5G spectrum auction, the government said on Tuesday. Reliance Jio, Airtel, Vodafone Idea, and a unit of Adani Enterprises "actively" participated in the auction of the 5G spectrum, according to the telecom department. Even the 700 MHz band, which h...
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India’s 5G Spectrum Auction Begins; Reliance Jio, Airtel, Vodafone Idea in Race to Bid for 5G Airwaves
India’s 5G spectrum auction began on Tuesday, and telecom operators Reliance Jio, Bharti Airtel, Vodafone Idea, along with a unit of Adani Enterprises are bidding on spectrum a total of 72 GHz (gigahertz) of 5G airwaves worth Rs 4,30,000 crore. The participants in the auction will bid for spectrum in various low (600 MHz, 700 MHz, 800 MHz, 900 MH...
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For New 5G Era, India's Biggest Spectrum Auction Starts: 10-Point Guide
India's biggest spectrum auction for 72 GHz (gigahertz) of 5G airwaves worth Rs 4.3 lakh crore has started today. Billionaire Mukesh Ambani's Reliance Jio, Sunil Mittal-led Bharti Airtel, Vodafone Idea and a unit of Gautam Adani's Adani Enterprises are in the race to bid for 5G spectrum.
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Reliance Jio Reports 24 Percent Rise in Q2 Profit to Rs. 4,335 Crore, Ahead of Upcoming 5G Auction: Details
Reliance Jio has reported a nearly 24 percent year-on-year rise in its standalone net profit to Rs 4,335 crore for Q2 2022, the firm revealed on Friday. The announcement comes ahead of the upcoming 5G spectrum auction in the country, where the operator has submitted an earnest money deposit (EMD) of Rs. 14,000 crore. Meanwhile, rival Bharti Airtel ...
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Vi 5G Services to Reportedly Rollout in India in 6-7 Months
Vi (Vodafone Idea) CEO Akshaya Moondra has reportedly revealed that the company will be rolling out 5G services in India within a 6-7 month period. He also highlighted that the plans are contingent on monetisation clarity and finalising its external funding. Vi has also failed to meet the minimum rollout obligations placed by the DoT after the 5G s...
-
Vodafone Idea Seeks 30-Day Extension to Pay Rs. 1,680 Crore for Spectrum Auction Instalment
Debt-ridden Vodafone Idea has sought 30 days more time to pay around Rs. 1,680 crore for spectrum auction instalment due on Thursday, a senior company official said on Wednesday. The company has proposed to pay the amount with interest.
-
Department of Telecom Said to Receive Rs. 17,876 Crore From Operators as Upfront Payment for 5G Spectrum
The Department of Telecom (DoT) is said to have received an upfront payment of Rs. 17,876 crore from telecom operators and Adani Data Networks, ahead of the rollout of 5G services in the country. Operators Reliance Jio, Bharti Airtel and Vodafone Idea have paid their dues based on the bids placed at the recently concluded 5G spectrum auction.
-
5G Should Be Priced at Premium to 4G With More Data, Overall Tariffs Expected to Rise, Vodafone Idea MD Says
Vodafone Idea MD Ravinder Takkar said on Thursday that he expects 5G to be priced at a premium with more data bundled with plans compared to 4G services at present. Takkar made the statement during an earnings call, and said the operator has spent a significant amount in acquiring spectrum in the recently-held auctions which calls for a need to cha...
-
5G Spectrum Auction Concludes on Monday, India to Launch Services Likely by October
5G spectrum auction completed on Monday with over Rs 1.50 lakh crore in bids by India’s leading telcos — Reliance Jio, Bharti Airtel, Vodafone Idea and Adani Data Networks. The country is likely to launch the fifth generation (5G) telecom services by October. Meanwhile, till August 10, all formalities including approving and allocating the spec...
-
5G Spectrum Auction: Reliance Jio Becomes Top Spender; Airtel, Vodafone Idea and Adani in Close Competition
Reliance Jio emerged as the biggest spender in India's 5G spectrum auction, winning airwaves worth $11 billion (nearly Rs. 87,000 crore). Meanwhile, Airtel and Vodafone won spectrum worth $5.4 billion (nearly Rs. 43,000 crore) and $2.4 billion (nearly Rs. 19,000 crore). Meanwhile, Adani purchased airwaves worth nearly $27 million (nearly Rs. 215 cr...
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Reliance Jio Top Bidder in 5G Spectrum Auction, DoT Receives Bids Worth Record 1.5 Lakh Crore
The 5G spectrum auction in India concluded on Monday, with the Department of Telecom (DoT) receiving bids worth a record 1.5 lakh crore. Reliance Jio was the top bidder to the airwaves, followed by Bharti Airtel and Vodafone Idea. Meanwhile, Adani group is said to have bought 26 MHz spectrum for setting up a private telecom network.
-
5G Spectrum Auction Enters Day 7: Jio, Airtel Locked in Bidding for Spectrum in UP East Circle
The ongoing 5G spectrum auction in India has seen telecom operators like Reliance Jio, Airtel, Vodafone Idea, Adani bid over Rs. 1.50 lakh crore while the battle for spectrum in UP East appears to be cooling off, in what might be a sign that the auction may be entering its final leg. In all, 72 GHz of radiowaves worth at least Rs. 4.3 lakh crore is...
-
5G Spectrum Auction: DoT Receives Bids Worth 1.49 Lakh Crore, as Auction Stretches to Fourth Day
The 5G spectrum auction in India is set to stretch to the fourth day today after 16 rounds of bidding which have fetched bids worth 1,49,623 crore. Reliance Jio, Airtel, Vodafone Idea and a unit of billionaire Adani Enterprises are bidding for 5G spectrum, which is much faster than current generation 4G technology in India.
-
5G Spectrum Auction Enters Day 3, Received Bids Worth Rs. 1.5 Trillion So Far
5G spectrum auction has entered its third day of bidding on Thursday. At the end of Day 2 on Wednesday, the auction collected bids worth Rs. 1,49,454 crore. Wednesday saw five rounds of the auction, taking the total rounds to nine. Telecom operators may receive allocation of the spectrum before August 15.
-
5G Spectrum Auction Undergoes Fifth Round of Bidding, Services to Roll Out in September
5G spectrum auction in currently undergoing the fifth round of bidding as firms run by tycoons Mukesh Ambani, Sunil Bharti Mittal and Gautam Adani as well as Vodafone Idea have invested huge sums. According to telecom Minister Ashwini Vaishnaw, the response on the first day exceeded all expectations.
-
Reliance Jio, Airtel, Vodafone Idea, Adani Bid Rs. 1.45 Lakh Crore for 5G Spectrum on Opening Day
The Department of Telecom (DoT) received bids of about Rs 1.45 lakh crore during the first day of the 5G spectrum auction, the government said on Tuesday. Reliance Jio, Airtel, Vodafone Idea, and a unit of Adani Enterprises "actively" participated in the auction of the 5G spectrum, according to the telecom department. Even the 700 MHz band, which h...
-
India’s 5G Spectrum Auction Begins; Reliance Jio, Airtel, Vodafone Idea in Race to Bid for 5G Airwaves
India’s 5G spectrum auction began on Tuesday, and telecom operators Reliance Jio, Bharti Airtel, Vodafone Idea, along with a unit of Adani Enterprises are bidding on spectrum a total of 72 GHz (gigahertz) of 5G airwaves worth Rs 4,30,000 crore. The participants in the auction will bid for spectrum in various low (600 MHz, 700 MHz, 800 MHz, 900 MH...
-
For New 5G Era, India's Biggest Spectrum Auction Starts: 10-Point Guide
India's biggest spectrum auction for 72 GHz (gigahertz) of 5G airwaves worth Rs 4.3 lakh crore has started today. Billionaire Mukesh Ambani's Reliance Jio, Sunil Mittal-led Bharti Airtel, Vodafone Idea and a unit of Gautam Adani's Adani Enterprises are in the race to bid for 5G spectrum.
-
Reliance Jio Reports 24 Percent Rise in Q2 Profit to Rs. 4,335 Crore, Ahead of Upcoming 5G Auction: Details
Reliance Jio has reported a nearly 24 percent year-on-year rise in its standalone net profit to Rs 4,335 crore for Q2 2022, the firm revealed on Friday. The announcement comes ahead of the upcoming 5G spectrum auction in the country, where the operator has submitted an earnest money deposit (EMD) of Rs. 14,000 crore. Meanwhile, rival Bharti Airtel ...
