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Billionaire Mukesh Ambani’s Reliance Jio on Monday emerged as the largest bidder for the 5G spectrum, acquiring close to half of all the airwaves sold in the latest auction for Rs 88,078 crore.
5G bidding: 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 country.
Adani acquires airwaves worth Rs 212 crore
The 5G spectrum auction made big news on Tuesday when the bid by the four companies surpassed Rs 1.45 lakh crore on the first day.
Total bids for the 5G spectrum auction moved up to Rs 1.49 lakh crore (trillion) by the end of the second day