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IndiaJio leads 5G auction

Jio leads 5G auction

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New Delhi, Aug 1: Led by Reliance Jio, the mega 5G spectrum auction  ended on Monday after receiving record bids worth over Rs 1.5 lakh crore in 40 rounds spanning across seven days.

5G airwaves worth Rs 1,50,173 crore has been sold so far and the final  tally is being prepared by the government, according to sources.

Day  six of the 5G spectrum auction on Sunday saw an incremental increase in  the bidding figure after 37 rounds, with bids worth Rs 1,50,130 crore.

According  to industry analysts, Reliance Jio has placed bids for more than Rs  84,500 crore, while Airtel’s bids are worth more than Rs 46,500 crore.

Vodafone Idea has placed bids of around Rs 18,500 crore, while a unit of Adani Enterprises has bids of around Rs 5,000 Crore.

Northlines
Northlines
The Northlines is an independent source on the Web for news, facts and figures relating to Jammu, Kashmir and Ladakh and its neighbourhood.

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