On August 15, 2022, Jio 5G deployment or at least the announcement is possible.
Reliance Jio has spent over ₹88,078 crores in the 5G Auction.
The Akash Ambani-chaired company has bought about half of all the 5G airwaves in the auction.
Reliance Jio won the 7-day 5G auction with an expenditure of 88,078 and the acquisition of nearly half of the available airwaves. And as you might imagine, the business has announced that it will shortly begin rolling out 5G over all of India. The beginning of the project might occur on July 4th.
JIO’S PAN-INDIA 5G AUCTION ANNOUNCEMENT
Mr. Akash Ambani, the organization’s recently appointed chairman, has said: “We will roll out 5G across the country to commemorate “Azadi ka Amrit Mahotsav.” Jio is dedicated to providing top-notch, reasonably priced 5G and 5G-enabled services.”
Jio hopes that the development of “sectors including education, healthcare, agriculture, manufacturing, and e-Government” will be facilitated by its 5G services.
The recently acquired “combination of low-band, mid-band, and mm Wave spectrum” and its deep fiber network, according to the company, are what will allow it to achieve this.
Meanwhile, its competitors like Airtel and VI are yet to reveal their plans.
Airtel paid 43,084 crores for 19,867.8 MHz of airwaves, and Vodafone Idea (Vi) contributed 18,799 crores to secure a 6,228 MHz portion of the spectrum.
In addition to those two, a third participant has entered the fray: Adani Data Networks (Adani Group), which contributed 212 crore for 400 MHz of spectrum. However, it has stated that this is intended for personal requirements and is not intended to compete in the consumer mobility arena.
So, in total 4 companies spent about 1.5 trillion rupees for 20-year 5G licenses and in the process have acquired about 71% of the offered 72 GHz airwaves.