5G spectrum auction: Bids cross Rs 1.50 lakh cr mark

Posted on   9:49 am

The auction of 5G spectrum capable of offering ultra-high-speed internet received bids worth Rs 1,50,130 crore until Sunday amid pick-up in demand for radiowaves in the UP East circle, pushing the bidding to seventh day on Monday. Seven new rounds of bidding held on the sixth day of auction on Sunday ‘dialled in’ an incremental Rs 163 crore, propelling the cumulative spectrum sale beyond the Rs 1.50 lakh crore-mark.