According to sources, high interest continued to be seen for spectrum in 1800 MHz band in UP East circle, where Jio and Airtel were involved in intense bidding on Thursday.
Bidding interest was seen across multiple bands and the industry is committed to taking services to rural areas, the minister said.
A total of 72 GHz (Gigahertz) of radiowaves worth at least Rs 4.3 lakh crore is on the block.
The auction is being held for spectrum in various low (600 MHz, 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz, 2500 MHz), mid (3300 MHz) and high (26 GHz) frequency bands.
On the second day of the auction, the bids received rose to Rs 1,49,454 crore.
“The sector is coming with new energy, and that is reflected in response to 5G auctions,” Vaishnaw had told reporters on Wednesday.
As per the process, it will not be known until the auction concludes as to which company got how much of airwaves.
In addition to powering ultra-low latency connections, 5G would enable solutions such as e-health, connected vehicles, more-immersive augmented reality and metaverse experiences, life-saving use cases, and advanced mobile cloud gaming.
(Published in an arrangement with PTI)