Reliance Jio Turns Top Bidder At 4G Spectrum Sale; Spends Rs 57K Cr
Reliance Jio has become the top bidder at the 2021 4G spectrum auction by acquiring the 488.35MHz band for Rs 57,122.65 crore. Becoming the largest holder in 2300 MHz and sub-GHz spectrum, Jio increased its spectrum footprint by 55%. Similarly, Airtel and Vodafone-Idea have acquired 355.45 MHz and 11.80 MHz respectively, worth Rs 18,698.75 crore and Rs 1,993.40 crore. However, participants didn't bid for 700 MHz and 2500 MHz.