MEA news 2nd Aug 2022 1 ardorcomm 5G spectrum auction ends with bids reaching 1.5 trillion

5G spectrum auction ends with bids reaching 1.5 trillion

Reliance Jio, owned by billionaire Mukesh Ambani, became the highest bidder for 5G spectrum on Monday, paying 88,078 crores to buy over half of the airwaves offered in the most recent auction. The Adani group paid 212 crores for 400 MHz, or less than 1% of all spectrum sold, according to Telecom Minister Ashwini Vaishnaw. …

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