Today, the 5G auction kicks off featuring three major local mobile operators to join the race. They include major market leaders Vodafone Idea, Reliance Jio, and Bharti Airtel among the main bidders.
Additionally, the fourth competitor unexpectedly decides to join the race for keeping control and distributing the 5G network across users. Gautam Adani, a famous Indian billionaire, was announced to be another contender.
A bidder who wins the auction will get the right to solely use and distribute 5G for the next 2 decades. It can be a game-changing moment for one of the operators, meaning potential stock value growth for one of the competitors.
All four auction participants are sad to put up the sum needed to confirm the contract. It was $2,.7 billion per each. Each sum indicates an amount of spectrum each of the bidders is eager to purchase.
From investment perspectives, India will be showing a greater potential with the integration of the 5G network. It represents the 5th gen high-speed mobile internet that will ensure super-fast connection download speed, and transaction execution as well as support for VR and AR-based technologies, IoT products, driverless transport, and so on.