An Analysis of India’s 5G Spectrum Auction Outcome
India's most awaited battle for the 5G Spectrum auction got Indian billionaires Mukesh Ambani and Gautam Adani, along with a slew of players expected to bid as much as $14 billion for frequency rights. These rights could determine who dominates the digital era. The scheduled date is Tuesday, July 26, 2022, from 10 am till 6 pm.
Although Mukesh Ambani's Reliance, Jio Infocomm Ltd., has paid the highest pre-auction deposit, thereby being the most aggressive bidder in the sale and a new entrant Adani Data Networks Ltd., whose bids will be closely watched as competitors try to map out its telecom ambitions. Wireless carriers Bharti Airtel Ltd., a joint venture between Vodafone Group Plc and Kumar Mangalam Birla's group managed by billionaire Sunil Mittal, and Vodafone Idea Ltd., are als...