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5G Spectrum bid: Mukesh Ambani’s Jio top bidder  

5g spectrum bid

5G Spectrum bid: Reliance Jio on Monday emerged as the largest bidder in the auction of fifth generation (5G) spectrum in the country. The company has bagged nearly half of the total spectrum sold in the auction for the next 20 years with a bid of Rs 88,078 crore. Let us tell you that in the 5G spectrum auction organized by the Department of Telecom, Government of India, Jio has bought spectrum in various bands 800MHz, 1800MHz, 3300MHz and 26GHz, including the 700MHz band considered to be good. Explain that if the 700 MHz band is used, then only one tower can cover a considerable area. Telecom Minister Ashwini Vaishnav said that 5G services can be started by October.

5G network will be rolled out across the country

Akash Ambani, chairman of Reliance Jio Infocomm Ltd and elder son of Mukesh Ambani, said, “After 4G, with a bigger ambition and a stronger resolve, Jio is now poised to lead India in the 5G era. We are looking forward to a pan-India 5G rollout. Together we will celebrate ‘Azadi Ka Amrit Mahotsav’. Jio is committed to providing world-class, affordable 5G and 5G-enabled services. This will boost sectors such as education, healthcare, agriculture, manufacturing and e-governance.

Adani bids Rs 212 crore

Adani Group has bought spectrum in the 26 MHz band. This is not a public network. Telecom giant Sunil Mittal’s Bharti Airtel has bought 19,867 MHz spectrum for Rs 43,084 crore. At the same time, Vodafone Idea has bought spectrum for Rs 18,784 crore.

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