The 2022 5G Spectrum Auction, Day 2, saw telecom operators become heavy on midband spectrum
It is the midband spectrum that will have the most impact for large-scale 5G. Midband spectrum in the 3.3 GHz to 3.67 GHz range was heavily auctioned on the first two days of the auction. Telcos can use this frequency range to deliver 5G with both coverage and appropriate speeds. According to ICICI Securities, Reliance Jio likely increased the amount of 130 MHz bids in the 3300 MHz spectrum band during Day 2 in eight circles. In the same circle, Airtel will possess waves below the 3400 MHz frequency where the ecosystem is relatively weak.
On the second day, ICICI Securities said there was an aggressive bid for the airwaves in the 1800 MHz band, which is no shock. In the circle of Uttar Pradesh (UP), the analyst specifies that the reserve price of the 1800 MHz band has increased by 7.7%. There were also aggressive bids for airwaves in the 2100 MHz band.
Cumulative bids for this spectrum auction rose to Rs 1,490 billion in the first two days. There will also be auctions on the third day, which is today. Thus, the additional spectrum that was offered during the second day was in the following bands – 3300 MHz, 1800 MHz and 2100 MHz.
For the 2100 MHz band, the spectrum was offered in four circles, the analyst said. These four circles were Haryana, Kerala, WB and Bihar. Vodafone Idea may have bought more spectrum in the 26 GHz range, bringing its total holdings in the particular band to 800 MHz.
How much have Jio, Airtel and Vodafone Idea spent so far
According to ICICI Securities’ estimates, Bharti Airtel may have spent a total of Rs 461 billion so far, while Jio’s total expenditure may be around Rs 843 billion and VIL’s total output may be around Rs 843 billion. about 184 billion rupees. Bidding for Day 3 continues and bidding may end early today as most purchases have already been made by telecom operators.