The 5G spectrum auction received bids worth Rs112 crore on the fifth day after seven rounds on Saturday and will continue on Sunday.The auction has so far witnessed30 rounds, which fetched bids worth Rs 1,49,967 crore.
Analysts said much of the bidding was for airwaves in the 1800MHz band for the Uttar Pradesh East circle and is likely to continue as all three existing wireless operators are vying for spectrum in the circle to enhance their 4Gcapacities.
“The demand for spectrum in the UP-E service area of the the1800MHz band was for 15MHzcompared with 10.8MHz on offer,” analysts at Credit Suisse said in a note, stating that activity in the auctions was being driven only by bidding in the UP-East service area. In contrast, spectrum was bought at the base price in all other licence areas.
According to Morgan Stanley, Bharti Airtel has 16MHzof airwaves in the 1800MHz band circle, while VodafoneIdea and Reliance Jio have10MHz each.