Reliance Jio Tops 5G Spectrum Bids With Rs 88,078 Crore, Adani Bought…

Reliance Jio Surpasses 5G Spectrum Bids with Rs 88,078 Crore, Adani Bought…

5G Spectrum Auction: Jio acquired spectrum across different bands.

New Delhi:

Billionaire Mukesh Ambani’s Reliance Jio emerged as the largest bidder for the 5G spectrum on Monday, acquiring nearly half of all the ether sold in the latest auction for Rs 88,078 crore.

According to Telecom Minister Ashwini Vaishnaw, the Adani group bought 400 MHz, or less than one percent of all spectrum sold, for Rs 212 crore.

While the Adani group bought spectrum in the 26 GHz band, which is not for public networks, Jio acquired spectrum across several bands, including the coveted 700 MHz band which can provide a signal range of 6-10 km and provides a good foundation for the fifth generation (5G) in all 22 circles of the country.

A single occupant can cover a larger area if 700 Mhz is used.

Bharti Airtel from telecom mogul Sunil Bharti Mittal purchased a 19.867 MHz airwave across different bands for Rs 43,084 crore.

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

In total, Rs 150,173 crore in bids were received, Vaishnaw said.

Of the 72,098 MHz spectrum offered over 10 bands, 51,236 MHz, or 71 percent, was sold.

The government, he said, will pay Rs 13,365 crore for the spectrum in the first year.

He also said that 5G services could be launched in October.

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

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