Mukesh Ambani and Sunil Mittal will be face to face in the 5G ring, the competition is worth 2.5 lakh crores - Newztezz Online

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Tuesday, May 2, 2023

Mukesh Ambani and Sunil Mittal will be face to face in the 5G ring, the competition is worth 2.5 lakh crores

The auction of the second round of 5G spectrum is going to be important in many ways. Actually its scope is very large. In this, the entire Rs 2.5 lakh crore beading is going to happen. In this auction, bidding is going to happen for about 600 MHz in 11 bands.

Mukesh Ambani's Reliance Jio changed the picture of the entire telecom sector. Whether Airtel or Vodafone Jio has become the number one company by leaving everyone behind. Mukesh Ambani's Reliance in Telecom has now made its plan regarding 5G and is also implementing it in the whole country. So on the other hand, Sunil Bharti Mittal, the head of Airtel, also does not want to leave any stone unturned to give a fight to Ambani. Airtel has also started 5G service in more than 500 cities of the country.

Now the matter is about the second round of auction of 5G spectrum. The Department of Telecom i.e. DOT has kept a base price of 2.5 lakh crores for the second round. Both Ambani and Mittal are fully geared up to win this round of auction. Actually Vodafone has already lagged behind in this battle of 5G. The reason is the huge debt on the company. So now this fight between Airtel and Jio is going to be even more interesting. According to the Department of Telecom, the second round of auction will start in January-February of the year 2024.

The auction of the second round of 5G spectrum is going to be important in many ways. Actually its scope is very large. In this, the entire Rs 2.5 lakh crore beading is going to happen. In this auction, bidding is going to happen for about 600 MHz in 11 bands. At the same time, this matter has also become important because the permits of Bharti Airtel and Vodafone Idea are about to expire in some circles. In which big states like West Bengal, Assam, Bihar and Odisha are included. What is Airtel's plan

Airtel chief Sunil Bharti Mittal had told the Economic Times that although he does not need more spectrum at the moment. But the circle where the permit is about to expire will require spectrum. It is clear that Airtel will need spectrum in states like Assam, Bihar, Odisha and West Bengal. Now it is difficult to say who will win in this fight. While Mukesh Ambani is known for his vision, Airtel is also very aggressive about 5G. Therefore, no matter who wins the war, it is certain that the customers will get benefited.

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