CURRENT AFFAIRS

Detailed explanation-1: -Vodafone Idea bid INR 187.99 billion for the 800MHz, 2100MHz, 2500MHz, 3300MHz and 26GHz bands, totaling 6.228GHz worth of airwaves. Lastly, the Adani Group bid INR 2.12 billion on the 26GHz band to set up a private telecom network for their organization.

Detailed explanation-2: -Around Rs 650 crore went to the 2500 MHz band while Rs 349 crore went to the 900 MHz band. The 2100 MHz airwaves got bids worth Rs 3, 180 crore. Mukesh Ambani-led Reliance Jio emerged as the top bidder in India’s 5G spectrum auction, acquiring 24, 740 MHz spectrum worth Rs 88, 078 crore.

Detailed explanation-3: -Jio acquired 24, 740 MHz spectrum, Airtel made a successful bid of Rs 43, 084 cr, Vodafone Idea bought spectrum for Rs 18, 784 cr, says Telecom Minister Ashwini Vaishnaw.

Detailed explanation-4: -In the 2022 5G Spectrum auction, Reliance Jio emerged as the top buyer in the auction of airwaves, spending over Rs 88, 000 crore, more than half the total bidding amount of Rs 1.5 trillion. The auction for the 5G spectrum in India concluded on August 1, 2022.