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| Name | Spectrum Auction Ends; Reliance Jio Biggest Buyer With Spectrum Worth ₹57,122-cr, Bharti Airtel 2nd |
| Video Uploader | Video From Swarajya |
| Upload Date | This Video Uploaded At 03-03-2021 13:30:08 |
| Video Discription | 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 ₹57,122.65 crore. Over 2,250 MHz of spectrum, that carry telecom signals, in seven bands worth nearly ₹4 lakh crore at the reserve or start price, was offered for bidding in the auction that began on Monday (Mar 1). Three bidders – Bharti Airtel Ltd, Vodafone Idea Ltd, and Reliance JioInfocomm Ltd – 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. “The value of the spectrum for which there are winning bids is Rs 77,814.80 crore. Hence, incremental bids for Rs 668.20 crore were made today”, said Anshu Prakash, Secretary, DoT, on second and concluding day of Spectrum Auction 2021. Reliance Jio bought ₹57,122.65 crore worth of spectrum while Vodafone Idea Ltd picked ₹1,993.40 crore worth of airwaves. Bharti Airtel said that it has acquired 355.45 MHz spectrum across Sub-Giga Hertz (Sub GHz), mid band and 2300 MHz bands for a total consideration of Rs 18,699 crore in the latest spectrum auction. #SpectrumAuction #Jio #Airtel Subscribe to Swarajya on YouTube. Get a Swarajya subscription: https://subscriptions.swarajyamag.com/join-us Website: https://swarajyamag.com/ Twitter: https://twitter.com/SwarajyaMag Facebook: https://www.facebook.com/swarajyamag |
| Category | News & Politics |
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