Mumbai: Reliance Jio on Monday emerged as the largest bidder for the 5G spectrum to consolidate its leadership position.
According to Telecom Minister Ashwini Vaishnaw, the Adani group bought 400 MHz, or less than one per cent of all spectrum sold, for Rs 212 crore.
While Adani group bought spectrum in the 26 GHz band, which is not for public networks, Jio acquired spectrum across several bands, including the coveted 700 MHz band that can provide 6-10 km of signal range and forms a good base for fifth generation (5G) in all 22 circles in the country.
Telecom tycoon Sunil Bharti Mittal’s Bharti Airtel bought a 19,867 MHz airwave across different bands for Rs 43,084 crore. Vodafone Idea Ltd bought spectrum for Rs 18,784 crore.
In all, Rs 150,173 crore of bids were received. Of the 72,098 MHz of spectrum offered across 10 bands, 51,236 MHz, or 71 per cent, was sold, Vaishnaw said.
The government, he said, in the first year will get a Rs 13,365 crore payment for the spectrum.