5G spectrum auction, which commenced on July 26 in India has concluded and Jio bagged the title of the highest bidder during the process. The telecom operator acquired 5G airwaves in multiple bands sold to it for Rs 88,078 crore. Here are the details to know.
Jio has acquired a 5G spectrum in the 700MHz, 800MHz, 1800MHz, 3300MHz and 26GHz bands, totaling up to 26,772 MHz spectrum, which is the highest in India.
It is also revealed that Bharti Airtel acquired a 19,867 MHz spectrum and Vi got a 2,668 MHz spectrum. Bharti Airtel bid Rs 43,084 crore during the auction, while Vodafone Idea (Vi) got the 5G spectrum worth Rs 18,784 crore, as per Telecom Minister Ashwini Vaishnaw. Adani Group also participated and bid Rs 212 crore. The Gautam Adani-led company acquired a 400 MHz spectrum.
