The first day of India's biggest spectrum auction for 72 GHz (gigahertz) airwaves ended with four major telecom firms committing a total of Rs 1.45 trillion ($18.2 billion) for 5G airwaves.
Telecom minister Ashwini Vaishnaw on Tuesday said the bid amount exceeded the government’s estimates and added that the auction saw healthy participation between Mukesh Ambani-led Reliance Jio, Sunil Mittal’s Airtel, Vodafone-Idea, and a unit of Gautam Adani's flagship Adani Enterprises.