City
Epaper

5g Spectrum Auction: Jio tops bidding with record of 1.5 lakh crore

By Lokmat English Desk | Updated: August 1, 2022 17:07 IST

Open in App
1 / 5
The biggest ever spectrum auction in India ended on Monday. The seven-day auction saw a record sale of a 5G telecom spectrum worth over Rs 1.5 lakh crore. In this auction, billionaire businessman Mukesh Ambani's company Jio has topped the chart.
2 / 5
Sources privy to the matter said that as per the provisional figures, a total of Rs 1,50,173 crore bids were placed. 5G spectrum capable of offering extremely high-speed mobile internet connectivity was auctioned for Rs 77,815 crore last year.
3 / 5
Reliance Jio made the highest bid for radio waves offering connectivity at speeds nearly 10 times faster than 4G. It was followed by Bharti Airtel and Vodafone Idea Limited. The Adani Group is said to have set up a private telecom network.
4 / 5
The government had offered spectrum in 10 bands, but no bids were received for spectrum in the 600 MHz, 800 MHz and 2300 MHz bands. About two-thirds of the bids were for the 5G band (3300 MHz and 26 GHz), while more than one-fourth were for the medium.
5 / 5
Bharti Airtel had bid for around Rs 18,699 crore and Vodafone Idea had bought spectrum for Rs 1,993.40 crore. A total of 72 GHz radio waves worth at least Rs 4.3 lakh crore were put up for bid this year.
Tags: JIOMukesh Ambani
Open in App

Related Stories

CricketRCB vs CSK, IPL 2025: Ayush Mhatre's 94 Not Enough as Royal Challengers Bengaluru Beat Chennai Super Kings by 2 Runs

CricketIPL 2025: Ayush Mhatre Hits Bhuvneshwar Kumar for Six Boundaries in Single Over During RCB vs CSK Match (Watch Video)

CricketIPL 2025: Virat Kohli Punishes Khaleel Ahmed With Back-to-Back Sixes in RCB vs CSK Match; Rivalry Intensifies As Pacer Celebrates Wildly After Taking His Catch (VIDEO)

CricketVirat Kohli Breaks Multiple Records in RCB vs CSK IPL 2025 Match

CricketRCB vs CSK: Why Is Josh Hazlewood Not Playing in Today’s Royal Challengers Bengaluru vs Chennai Super Kings IPL 2025 Match?

Technology Realted Stories

TechnologyGlobal HIV market to cross $32 billion in 7 major markets in 2033: Report

TechnologySEBI to likely relax proposed limits on index options trading: Report

TechnologyWeekly yoga podcast launched to promote holistic wellness

TechnologyCzech Republic to appeal injunction halting nuclear power deal with S. Korea

TechnologyAI reinforces importance of being well-informed