India receives $18 billion bids for 5G auction, expects rollout in September

India received bids worth $18 billion on the first day of an auction for the 5G airwaves from tycoons including Mukesh Ambani and Gautam Adani as the race begins for faster data in the world’s second largest internet market.
Telecom Minister Ashwini Vaishnaw told reporters on Tuesday evening that bids went “far beyond our expectations” and “it looks like [the bidding level] will be at the same level” on Wednesday.
India expects the rollout of 5G networks to begin from September, he said. “By the end of the year, residents of several Indian cities will be able to experience 5G,” he said.
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