Telecom Spectrum auctions fetch Rs 77,815 cr; Reliance Jio top bidder with Rs 57,122 cr – The Economic Times Video | ET Now

Telecom Spectrum auctions fetch Rs 77,815 cr; Reliance Jio top bidder with Rs 57,122 cr – The Economic Times Video | ET Now

India’s first auction of telecom spectrum in five years ended on Tuesday with Rs 77,814.80 crore of airwaves being acquired, mostly by billionaire Mukesh Ambani’s Reliance Jio which picked up spectrum for Rs 57,122.65 crore. Jio bagged 488.35 MHz spectrum in bands such as 800 MHz, 1800 MHz and 2300 MHz. Telecom giant Bharti Airtel bid about Rs 18,699 crore to pick up 355.45 megahertz (MHz) out of the total 855.60 MHz of radio frequency acquired by telcos, giving it “most formidable” spectrum holding in the country. Vodafone Idea Ltd, which is facing a huge liability of unpaid statutory dues of past, bought 11.80 Mhz of spectrum worth Rs 1,993.40 crore.

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