What is the 5G spectrum and What was the auction about?
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5G is the upcoming fifth-generation wireless network standard. It will be much faster, more reliable, and have much lower latency compared to 4G. The 5G name refers to the time it will be deployed in, as 5G is the fifth generation of mobile network technology to debut. 5G wireless networks will use shorter wavelengths to achieve much higher speeds than 4G currently does. This is because traditional 4G base stations use longer radio waves to connect with mobile devices. With shorter radio waves, the maximum speed of a 5G network will be much greater than that of current 4G networks. In addition, a major advantage of 5G networks is their ability to reach farther and more efficiently than 4G networks.
The 5th generation wireless standard mobile network after 1G, 2G, 3G, and 4G. 5G is a new kind of network that is designed to connect everyone and everything from humans, devices, or objects. It comes with three types of services- Low Band 5G, Mid Band 5G, and mm-Wave High Band 5G. The purpose of this new kind of network is higher speed, lag-free connectivity, greater capacity, and lower latency.
Recently, a seven-day 5G spectrum auction was held in India for the first time, which ended today with Mukesh Ambani’s Jio winning the bid for it. A record over INR 1.5 trillion worth of 5G telecom spectrum was sold in these 7 days.