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HomeBusinessReliance Jio Top Bidder With Rs 88,078 Crore For 5G Spectrum

Reliance Jio Top Bidder With Rs 88,078 Crore For 5G Spectrum


5G Spectrum Auction: Jio acquired spectrum throughout a number of bands.

New Delhi:

Billionaire Mukesh Ambani’s Reliance Jio on Monday emerged as the most important bidder for the 5G spectrum, buying near half of all of the airwaves bought within the newest public sale for Rs 88,078 crore.

According to Telecom Minister Ashwini Vaishnaw, the Adani group purchased 400 MHz, or lower than one per cent of all spectrum bought, for Rs 212 crore.

While Adani group purchased spectrum within the 26 GHz band, which isn’t for public networks, Jio acquired spectrum throughout a number of bands, together with the coveted 700 MHz band that may present 6-10 km of sign vary and varieties an excellent base for fifth technology (5G) in all 22 circles within the nation.

A single towner can cowl extra space if 700 Mhz is used.

Telecom tycoon Sunil Bharti Mittal’s Bharti Airtel purchased a 19,867 MHz airwave throughout completely different bands for Rs 43,084 crore.

Vodafone Idea Ltd purchased spectrum for Rs 18,784 crore.

In all, Rs 150,173 crore of bids had been obtained, Vaishnaw stated.

Of the 72,098 MHz of spectrum supplied throughout 10 bands, 51,236 MHz, or 71 per cent, was bought.

The authorities, he stated, within the first yr will get a Rs 13,365 crore cost for the spectrum.

He additionally stated the 5G providers might be launched by October. 

(Except for the headline, this story has not been edited by NDTV employees and is revealed from a syndicated feed.)



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