New Delhi: Reliance Jio on Tuesday emerged as the biggest bidder in the telecom spectrum auction, conducted by the government, acquiring spectrum worth Rs 57,122.65 crores. Another prominent bidder, Bharti Airtel, also picked up radio waves worth Rs 18,699 crores in the auction, while rival Vodafone Idea bought spectrum worth Rs 1,993.40 crores.
It was India’s first auction of telecom spectrum in five years and ended on the second day with a total of Rs 77,814.80 crores of airwaves being bought.
According to the government, 855.60 MHz of airwaves were bought for Rs 77,814.80 crores in two days of auction after six rounds of bidding, which concluded on Tuesday. “While there were no bidders for 700 MHz and 2,500 MHz bands, only 15 MHz, or 8.57 per cent of the available spectrum, was acquired in 2,100 MHz band,” the statement released by the ministry of communications said.
Over 2,250 MHz of spectrum, that carry telecom signals, in seven bands worth nearly Rs 4…