The sixth day of the spectrum auction's bidding has brought in around Rs 1.5 lakh so far.

After collecting bids of 1,49,966 crore in the first five days from firms like Reliance Jio and Bharti Airtel, the auction of the 5G spectrum capable of providing ultra-high-speed internet opened the sixth day of bidding on Sunday.

The bidding started up again on Sunday morning with the 31st round, and the next round is presently going on, according to reports.

However, they went on to say that a lot will depend on how the bidding developed over the day. The total amount of bids in the telecom spectrum auction had nearly reached the Rs 1.50 lakh crore mark as of Saturday.

"The 5G auction demonstrates the industry's will to grow. It has resolved its issues and is entering a time of expansion.

The results of the auction are excellent; the sector has committed about Rs 1,49,966 crore to the purchase of spectrum "Speaking at a press conference in Mumbai following a roundtable for telecom investors on Saturday. 

The auction and its "excellent reaction," according to the minister, highlight the maturity of the sector.

Reliance Jio, owned by billionaire Mukesh Ambani, Bharti Airtel, Vodafone Idea, and a division of Adani Enterprises, owned by billionaire Gautam Adani, are competing for the 5G spectrum,

which offers speeds that are roughly 10 times faster than 4G, lag-free connectivity, and the ability for billions of connected devices to share data in real-time.

The Fifth Generation, or 5G, would enable solutions like e-health, connected vehicles, more immersive augmented reality and metaverse experiences, life-saving use cases, and advanced mobile cloud gaming, among others.

In addition to enabling ultra-low latency connections, which allow downloading full-length high-quality video or movie to a mobile device in a matter of seconds (even in crowded areas), 5G would also power ultra-low latency connections.

India's electricity consumption increased in July by 3.8% to 128.38 billion units.