4G SPECTRUM AUCTION

JIO MARCHES AHEAD.

The government wrapped up

an auction for fourth-generation, or 4G, airwaves,

generating Rs. 77,814.80 crore in proceeds,

or about 19% of the spectrum value put on sale.

It, however, claimed the auction was a success

as demand “far exceeded” its modest expectations.

Reliance Jio Infocomm Ltd,

India’s largest telco, emerged as the top bidder,

cornering roughly three-fourths of the spectrum

sold in the two-day event, on 1-2, March 2021.

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