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10th Spectrum Auction Begins: Implications for India’s Telecom Sector

India’s telecom landscape is set for a transformative shift as the 10th spectrum auction commences, aiming to auction radiowaves worth ₹96,238 crore. This auction, starting on June 25, 2024, includes bands crucial for enhancing 5G services, such as 3300 MHz and 26 GHz. With major players like Reliance Jio, Bharti Airtel, and Vodafone Idea vying for spectrum, the bidding is expected to intensify, driven by earnest money deposits indicating strategic focus areas.

Reliance Jio, leading with an EMD of ₹3,000 crore, is poised to potentially bid for a significant portion of the spectrum, while Bharti Airtel and Vodafone Idea aim to bolster their spectrum efficiency and strategic acquisitions, respectively. The outcome promises accelerated 5G deployment nationwide, improving connectivity and service quality across India.