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5G spectrum auction ends with bids reaching 1.5 trillion

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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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5G Spectrum auction enters day 3; receives bids worth Rs 1.49 lakh cr on day 2

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Day 3 of India’s 5G spectrum auctions began on Thursday with the tenth round of bidding for the airwaves required to provide lag-free connectivity and ultra-high-speed internet. After the ninth round of the second day’s largest-ever auction for mobile signal spectrum in the nation, bids for 5G airwaves totaled more than 1.49 lakh crore. Union …

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