Reliance Jio and Bharti Airtel and Vodafone Idea will bid for 72 GHz of radio swells worth Rs4.3 lakh crore on offer. Gautam Adani is The fourth contender

The fifth generation of high- speed mobile internet, enablesultra-high pets, nearly about 10 times faster than 4G. It promisessuper-fast download pets.

What is 5G? 

A day ahead of the 5G Spectrum auction, the Telecom Regulatory Authority of India( TRAI) had commenced airman testing of 5G networks in four areas

5G networks in four areas with the major telecom service providers like  Vodafone ldea, Reliance Jio, ,  Airtel, and BSNL.

The Union Cabinet approved the auction on June 15 and allowednon-telecom service providers to bid for Spectrum to set up interned 5G networks.

The number of days of auction will depend on the factual demand for radio swells and strategy of individual stab,

The plutocrat The telecom department is awaiting for the 5G deals. At the reserve prices for the colorful bands, 72 GHz of radio swells would be worth Rs4.3 lakh crore.

The Earnest Money Deposit( EMD) of all the four aspirants seeking 5G radio swells this time adds up to Rs,21,800 crore

Reliance Jio has made a Rs 14,000  crore EMD while rival Adani group has deposited a modest Rs 100 crore.

Bharti Airtel had put in Rs,500 crore as EMD while for Vodafone Idea the amount stands at Rs,2200 crore.

EMD is an amount given as humorless plutocrat, the obligatory sum needed to confirm a contract and the amount also hits at the amount of Spectrum a company is eyeing to buy.

The auction A aggregate of 72097.85 MHz of Spectrum with a validity period of 20 times will be put to auction.

The auction will be held for Spectrum in colorful Low( 600 MHz, 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz), Mid( 3300 MHz) and High( 26 GHz) frequence bands.