Jio Becomes Largest Acquirer of 5G Spectrum After Auction Concludes Today With 71% Sold

Concept of 5G wireless digital connecting and networking in India
  • The auction for 5G spectrum has concluded, with 71 per cent of the total spectrum on offer being sold. Reliance Jio, the telecom arm of Reliance Industries, is the largest acquirer of 5G spectrum, worth over Rs 88,000 crore.
  • Jio is the only bidder to have acquired 700 MHz in all 22 circles. 700 MHz has a range from 5 to 10 km, which gives the telecom operate a solid base coverage.

[Via]

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