The spectrum auction 2021 concluded on Tuesday with the government receiving total bids worth Rs 77,814.80 crore."The value of spectrum for which there are winning bids is Rs 77,814.80 crore. Incremental bids for Rs 668.20 crore were made .
Airtel and Jio battling for telecom supremacy.
Telecom giant Reliance Jio emerged as the biggest buyer in the latest 4G spectrum auction conducted by the Department of Telecommunications (DoT) by acquiring 488.35 MHz radiowaves worth â¹57,122.65 crore.
Over 2,250 MHz of spectrum, that carry telecom signals, in seven bands worth nearly â¹4 lakh crore at the reserve or start price, was offered for bidding in the auction that began on Monday (Mar 1).
Three bidders â Bharti Airtel Ltd, Vodafone Idea Ltd, and Reliance JioInfocomm Ltd â participated in the auction.
The auction concluded today after a total of 6 rounds of bidding. The e-auction was based on Simultaneous Multiple Round Ascending Auction (SMRA) methodology.