Can the impending 5G services help breathe life into dull smartphone market?

The much-talked about auctions for 5G spectrum have ended. The auctions, which unexpectedly stretched for 7 days, have netted the government a record Rs 1,50,173 crore — this is the biggest sale of airwaves in India. In all, out of the total 72,098MHz of the spectrum available on auction with a validity period of 20 years, 51,236MHz has been sold to the bidders.

The four companies in the fray bidded on predictable lines with the market leader (in terms of subscriber base) Reliance Jio (Rs 88,078 crore) and others like Bharti Airtel (Rs 43,084 crore) and Vodafone-Idea (Rs 18,799 crore) bidding based on their current financial realities. The Adani group, which was a later and surprise entrant into the field, has chipped in Rs. 212 crore to the auction kitty.

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