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Only Three Bidders Take Part In Telecom Spectrum Auction News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Spectrum auction fetches Rs 77,814 cr, Reliance Jio emerges biggest buyer

Updated Mar 3, 2021, 10:58 am IST 855.60 MHz of airwaves were bought for Rs 77,814.80 crores in two days of auction after six rounds of bidding  There were only three bidders this year Airtel, Vodafone Idea and Reliance Jio against seven bidders during the last spectrum auction in 2016. (PTI file photo) 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. 

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