Read more about Spectrum auction: Telcos place bids worth Rs 77,815 cr; Jio biggest buyer on Business Standard. About one-third of the spectrum being auctioned is in the 700 MHz band, which was completely unsold during the 2016 auctions
Reliance Jio Infocomm Ltd said it acquired the right to use spectrum in all the 22 circles or zones across India. In all, it won 488.35 MHz of spectrum, taking up its spectrum footprint by 55 per cent to 1,717 MHz
Spectrum Auction: India Gets $11 Billion From Airwaves Sale Boosting The Exchequer bloombergquint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloombergquint.com Daily Mail and Mail on Sunday newspapers.
Billionaire Mukesh Ambani s Jio cornered more than half of the telecom spectrum auctioned by the government over the past two days, offering about Rs 57,123 crore to consolidate its holding of the scarce resource that are used to carry mobile call and data signals.
Mukesh Ambani s Jio Biggest Buyer in $11 Billion India Airwave Auction Mukesh Ambani s Jio Biggest Buyer in $11 Billion India Airwave Auction Reliance Jio acquired 488.35 megahertz of airwaves, dwarfing the 355.45 megahertz added by Bharti and 11.8 megahertz by Vodafone s local unit.
Reliance Jio has acquired airwaves that are suitable for use with 5G technology
Billionaire Mukesh Ambani-led Reliance Jio Infocomm Ltd. emerged the top bidder in the $11 billion airwaves auction, as the country s largest wireless operator seeks to cement its competitive edge over rivals.
Reliance Jio bought airwaves worth 571.23 billion rupees ($7.8 billion) of the total 778.2 billion rupees raised in the latest spectrum auction, Telecom Secretary Anshu Prakash told reporters in New Delhi on Tuesday. Rival Bharti Airtel Ltd. spent $2.6 billion while Vodafone Plc s India unit acquired spectrum worth 19.9 billion rupees.