Telecom spectrum auctions kick off on Monday with 2,251 megahertz (MHz) of airwaves are up for grabs. The government's valuation for airwaves up for sale is Rs 3.92 lakh crore. It is pertinent to note that there won’t be any auction for the 5G spectrum.We are going to see spectrum auctions after a gap of five years. So this is going to be very crucial for the future of the telecom companies in India.However, with the money deposited by the three telecom companies in India, it appears that the bidding is going to be subdued. The maximum paid by Reliance Jio is Rs 10,000 crore while Bharti Airtel has paid Rs 3,000 crore and Vodafone-Idea remains at sub-Rs 500 crore.Watch the video for moreDisclosure: Reliance Industries, the parent company of Reliance Jio, owns Network 18 that publishes CNBCTV18.com.