5gspectrum
By Srijit Das A doctored image of a clipping of the Times Of India newspaper has been shared on social media with a false claim that the 5G spectrum auctions caused a record loss of Rs 2.8 lakh crore. BOOM found that the photo is digitally manipulated. The original article published on the Times Business section of the newspaper, reported that the 5G spectrum auctions generated a record Rs 1.5 lakh crore for the government. According toreports, the auction for the 5G telecom spectrum concluded on August 1, 2022 receiving bids upwards of Rs 1.5 lakh crore after seven days of bidding. Mukesh Amb...
BOOM Live
By Mohammed Kudrati India's biggest telecom auction for 5G spectrum has kicked off today, with India's three established mobile communication players - Reliance Jio, Bharati Airtel and Vodafone Idea - being joined by new entrant Adani Data Networks. At its base price, the spectrum is worth ₹4.3 lakh crores (₹4.3 trillion). The auction would last all day but could spill into tomorrow if the demand for the spectrum exists and bidding continues. Each of these players paid an earnest money deposit: Jio's was the highest at ₹14,000 crores, followed by Airtel at ₹5,500 crores, cash-strapped Vodafone...
BOOM Live
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