Indian 5G auction is now entering the 4th day. As initial estimates, the auction should have ended on the 2nd day itself, but surprisingly has spilled over into the 4th day. Why? It is all due to the battle that is currently on for grabbing spectrum in the 4G core band of the 1800 MHz band of UPE. The battle for spectrum in this band had been raging continuously for 2 days with a persistent aggregated demand — much higher than the total number of blocks offered for sale. In this note, we will try to analyze who is bidding on UPE and why.
UPE Bidding Matrix
The following is a snapshot of auction data for this circle end of the past 3 days. All numbers representing values of the spectrum are in Rs Cr.
