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Jio buys spectrum for Rs 577,123 crore, ups spectrum holding by 55%

Jio buys spectrum for Rs 57, 123 crore; ups spectrum holding by 55%
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Last Updated: Mar 02, 2021, 11:53 PM IST
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Synopsis
The operator which had earlier announced that it is 5G ready said it newly bought spectrum can be used for 5G services as well.
Telecom Spectrum auctions fetch Rs 77,815 cr; Reliance Jio top bidder with Rs 57,122 cr
Reliance Jio (Jio) has acquired spectrum in 22 circles across India in the 800 MHz, 1800 MHz and 2300 MHz bands for Rs 57,123 crore, thereby becoming the largest buyer of airwaves in the just concluded spectrum auction.
The telco on Tuesday said that post the auction it has increased its spectrum capacity by 55% to 1,717 MHz and is the largest holder of spectrum in sub-GHz and 2300 MHz band. Jio has successfully acquired the right to use spectrum in all 22 circles across India in the recently concluded spectrum auctions conducted by Department of Telecommunications, said the telco in a statement. Compar ....

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