India's biggest ever auction of telecom spectrum received a record Rs 1.5 trillion of bids, with Mukesh Ambani's Jio cornering nearly half of all the airwaves sold with an Rs 88,078 crore bid. Richest Indian Gautam Adani's group, whose entry in the auction was billed by some as another flash point in the rivalry with Ambani, paid Rs 212 crore for 400 MHz, or less than one per cent of all spectrum sold, in a band that is not used for offering public telephony services. Telecom tycoon Sunil Bharti Mittal's Bharti Airtel made a successful bid of Rs 43,084 crore, while Vodafone Idea Ltd bought spectrum for Rs 18,799 crore.
Telecom Minister Ashwini Vaishnaw said of the 72,098 MHz of spectrum offered across 10 bands, 51,236 MHz, or 71 per cent, was sold.In all, bids worth Rs 1,50,173 crore were received, he said, adding the government will in the first year get Rs 13,365 crore. Barring the 1800 MHz band, for which Jio and Airtel engaged in fierce bidding, spectrum in all bands was sold at reserve (base) price, he noted.The mop-up from the 5G spectrum, capable of offering ultra-high speed mobile internet connectivity, is almost double of Rs 77,815 crore worth 4G airwaves sold last year and triple of Rs 50,968.37 crore garnered from a 3G auction in 2010. Reliance Jio was the top bidder, offering a cumulative bid of Rs 88,078 crore for 24,740 MHz of airwaves across five bands capable of offering speeds about 10 times faster than 4G, lag-free connectivity, and can enable billions of connected devices to share data in real-time. It acquired the coveted 700 MHz spectrum that can provide 6-10 km of signal range with one tower and forms a good base for offering fifth generation (5G) services, in all 22 circles or zones in the country.Adani group bought spectrum in the 26 GHz band, which is suitable for setting up a private network for end-to-end communication, in six states -- Gujarat, Mumbai, Karnataka, Tamil Nadu, Rajasthan and Andhra Pradesh.Airtel bought a total of 19,867.8 MHz of spectrum across five bands but none in 700 MHz. Vodafone Idea acquired 6228 MHz of airwaves.