Government conducting 4G spectrum auction today.

It is reported by the media that, the government is conducting auction today, to sell 4G spectrum, to the tune of Rs.3.92 lakh crores. The Cabinet has taken decision for this auctioning in December last year. It is reported that, Reliance Jio, Airtel and Vodafone Idea badly need additional 4G spectrum for boosting their network capacities. Since the government is auctioning 4G spectrum, it appears the auctioning of 5G spectrum will take some more time.