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Apple fans in India will have to wait a while before the first Apple store launches. The 5G spectrum auction, which began on March 26, attracted bids worth Rs 1.49 lakh crore on day two. Mytimesnow will analyze trends on social media and share the news. It also provides links to complete news articles. Listed below are several other stories from around the world that may affect the Indian market.

5G Auction Sees Bids
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Reliance Jio is the only buyer of the 700 MHz band

With the largest spectrum auction in recent history, India is now on the cusp of entering the next era of connectivity. The government has announced the availability of 72 GHz of spectrum for sale. So far, four entities have submitted earnest money deposits to the Department of Telecommunications (DoT), a sign of their intention to bid. Reliance Jio has put in Rs 14,000 crore as an earnest money deposit, followed by Airtel and Vodafone Idea. Adani Data Networks has put up Rs 100 crore.

Reliance Jio is expected to put in the maximum bid, which may be over Rs 80,000 crore. No other company is expected to be as aggressive as Jio in the 5G auction. Bharti Airtel is expected to focus on buying existing spectrum bands, including mid-band, and not the 700 MHz band, which has a high potential for 5G service.

Reliance Jio is also targeting a pan-India rollout of 5G. The spectrum bands are less expensive than those of other bands, and the 700 MHz band is ideal for deep data networks and coverage in densely populated areas. Reliance Jio has reportedly already purchased 10 MHz, making it the only buyer of the 700 MHz band.

Reliance Jio will probably acquire 130 units of spectrum in the 3.3GHz to 3.37GHz mid-band and several hundred units of 700 MHz spectrum, a rare opportunity for a standalone 5G network. Jio will also spend more than Rs31,000 crore on spectrum, putting it in a better position to compete with its rivals. This will give Jio a huge advantage over the other players.

As per the latest report by the DoT, a parallel duel between Airtel and Reliance Jio has taken place over mid-band airwaves in eight circles, including Kerala and J&K. While Airtel and Vodafone Idea have bids for specific bands, Jio has placed a large bid for all four bands. While the remaining spectrum bands have been largely unoccupied by any of the companies, Jio is the sole buyer of the 700 MHz band in 5G auction.

According to a recent report by telecom minister Manoj Tiwari, the 700 MHz band has been unpopular in previous auctions because no one has bid for it. Reliance Jio’s strong bid, which is the largest in the 700 MHz band auction, reduced RoIC. Reliance Jio also holds the most premium spectrum in the 700 MHz band.

It has been estimated that up to 40 million smartphone users could use 5G in India within the first year. In fact, according to a survey conducted by the DoT, only 21% of smartphone users have 5G-ready smartphones. The government expects to allocate the spectrum before August 15 and the first commercial 5G services can start by September-October. However, there are several issues that need to be addressed before the auction.

Viacom18-Uday Shankar consortium is locked in a bidding war with Disney

In the latest round of bidding, the Viacom18-Uday Shankar-led consortium is reportedly in a bidding war with Disney over the exclusive rights to broadcast cricket matches in India. The two companies are locked in a bidding war, and the Viacom18-Uday Shankar consortium has reportedly been the top bidder for the India’s digital rights. Both have also agreed to form a consortium with James Murdoch’s Lupa Systems to bid for the rights. The consortium won the first two packages and is now preparing for the battle to win the rights to the Group C and Group D broadcasts.

The new ownership of Viacom is expected to increase the company’s value, with the two groups bidding to buy the entire group. The Viacom18-Uday Shankar consortium plans to acquire the entire company for more than $16 billion. The deal is expected to boost Viacom’s value by about Rs 6,000 crore, and will make the media company a top five global media company.

In a recent media rights auction, the BCCI sold the Indian sub-continent television and digital rights for the IPL. The Disney-Star consortium paid Rs. 42,000 crore (about 5.37 billion USD) for the Indian subcontinent rights. This is one of the largest sports deals ever made in history. The BCCI is also one of the richest sporting entities in the world.

The deal between Viacom18-Uday Shankar and Disney is expected to close before the end of the year. The deal will give the Viacom18-Uday Shankar consortium access to the largest entertainment company in the world. With the deal, the Viacom18-Uday Shankar consortium will own a 49 percent stake of TV18, and Viacom will retain a 10 percent stake.

Vodafone Idea is likely to bid for 130 MHz

Telecom companies are expected to pick up the 5G airwaves at a reserve price, rather than engage in aggressive bidding. As the surplus spectrum has already been made available, Bharti Airtel and Reliance Jio are expected to buy pan-India bands while Vodafone Idea will probably buy only a few circles. Analysts say this could lead to a telco Capex upcycle.

According to the latest reports, Vodafone Idea is expected to bid for 130 MHz in the 5G auction. The company has a war chest of between Rs 17,700 and 20,000 crore and will focus on 16-17 circles in India. It is unlikely to go for an all-India millimeter band spectrum of 400 MHz but will target several key markets in the near future. For now, the company is not likely to go for all-India coverage but may opt to start with Mumbai and Gujarat circles.

While Bharti Airtel and Vodafone Idea are the top two players in the race, the Adani Group is also a strong contender. The group put down 1 billion rupees as earnest money and is entitled to a certain amount of spectrum. The Adani Group has previously denied any plans to enter the mobile phone space, but this hasn’t stopped the telecommunication giants from bidding aggressively for the 700 MHz band.

The auctions began on July 26, 2022. The bids received a total of 1.45 billion euros. The next 5G spectrum auction is expected to be 10 times faster than 4G. The auctions were held for different bands in the low, mid, and high frequencies. If Vodafone Idea wins, it will likely win 130 MHz. If it does, it will also own airwaves below 3400MHz.

Although the government is expecting a small amount of revenue from the 5G auction, the government is not taking any chances. Credit Suisse estimates that the government will raise $1.8 billion upfront in FY23. The company expects telcos to use the deferred payment option fully and to charge a 7.2% interest rate on the money they do receive. The auction could be a winner or a flop.


The mid-band spectrum is the most important for 5G on a large scale. The mid-band range is around 3.3 to 3.67 GHz and saw strong bidding on the first two days of the auction. If the spectrum is acquired, it can provide the proper coverage and speeds for the users. In addition to Vodafone Idea, Reliance Jio and Bharti Airtel are likely to increase their bid quantities in the 3300 MHz spectrum band and Airtel is likely to secure the remaining spectrum in the 3400 MHz bands.

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